Which one of these statements is always true?
a. Actual investment is equal to intended investment.
b. Actual investment is equal to saving.
c. Actual investment is equal to consumption.
d. Intended investment is equal to saving.
e. Intended investment is equal to consumption.
C
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The basic money supply:
A. Is controlled by Congress and the U.S. Treasury. B. Includes savings accounts. C. Includes currency and transactions accounts. D. Includes money market mutual funds.
The town of Harmonia gives away all 500 tickets to its annual Founder's Day Free Concert-in-the-Park to local residents
Each year, more than 500 people wish to attend the concert, so some of the residents who receive the free tickets sell them for as much as $75 each. Is a transaction where someone pays a resident $75 for a "free ticket" economically efficient? A) Yes, it was a voluntary exchange that benefited both parties. B) No, the buyer paid too much for the ticket. C) No, people should never be allowed to sell items they received for free. D) Yes, but it is efficient only from the perspective of the seller and not from the perspective of the buyer.