Savings are good for a family. If all families increase savings, the economy is better off. This fallacy of composition is called:

a. the paradox of time.
b. the paradox of dissaving.
c. the paradox of thrift.
d. the paradox of value.
e. the paradox of choice.

c

Economics

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How does investment as a share of GDP in countries with more economic freedom compare with economies that are less free? How does the productivity of investment in the freer economies compare with its productivity in the less free economies? How will this influence differences in growth rates and income levels? Explain

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The marginal revenue product curve shifts when

A) wages fall. B) there is a change in the product price workers are producing. C) wages rise. D) the wages paid exceed the price.

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