Which of the Following Is Correct

question 40

Multiple Choice

Which of the following is correct?

• A)In the national income accounts,investment and private saving refer to the same thing.
• B)In a closed economy if national saving is greater than zero,then everyone must be saving.
• C)The financial system channels funds from savers to borrowers.
• D)People whose consumption exceeds their income are savers.

Understand intrinsic and extrinsic motives for working.

Recognize the role of thought processes in belief formation and judgment.

Understand career development stages and theories.

Recognize legal definitions and implications of sexual harassment and assault.

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Definitions:

Monopoly Power

The ability of a monopolist to significantly control market price and exclude competitors by owning a majority of the market share.

Demand Function

A mathematical relationship expressing the quantity of an item demanded at various prices.

Marginal Costs

The amount spent to produce a further unit of a good or service.

Deadweight Loss

A loss of economic efficiency that can occur when equilibrium for a good or service is not achieved or is not achievable.