If the marginal benefit were greater than the cost of a good:
A. consumers could increase their utility by buying more.
B. consumers could increase their utility by buying less.
C. producers should decrease production.
D. social net benefit would be maximized.
A. consumers could increase their utility by buying more.
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A country has private saving of $500 billion, public saving of -$100 billion, domestic investment of $150 billion, and net capital outflow of $250 billion. What is its supply of loanable funds?
a. $650 billion b. $600 billion c. $400 billion d. $350 billion
If debt-financed less productive government spending crowds out more productive private investment, future generations will bear
A. All of the burden of the debt due to higher taxes. B. A portion of the burden of the debt relative to the population size. C. Some of the burden of the debt due to lower productive capacity. D. Zero burden as a result of the debt.