Saving Represents

question 317

Multiple Choice

Saving represents

• A) a source of funds for business investment.
• B) a normal part of the circular flow of income and output.
• C) an injection to the circular flow of income and output.
• D) a counter-example to Say's law that the classical economists never considered.

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Definitions:

Rollback Technique

A decision analysis procedure used to solve decision trees backwards from the end nodes to the beginning, to find the sequence of decisions that maximizes the expected utility.

Expected Opportunity Loss

The anticipated value of the best foregone opportunity when a particular decision is made.

Gross Profits

Total revenue of a company minus the cost of goods sold, not including other operating expenses.

Payoff Table

A table that lists the possible outcomes of different decisions, often used in decision analysis to compare the implications of various strategies.