In a Simple Economy Without Government or the Foreign Sector

question 84

True/False

In a simple economy without government or the foreign sector, saving must equal investment because output is divided into consumption and investment, and income is either consumed or saved.

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Definitions:

Identity Theft

The fraudulent acquisition and use of a person's private identifying information, often for financial gain.

Cybercrime

Crimes committed via the Internet, including identity theft, embezzlement, fraud, sexual predation, and financial scams.

Bank Account

A financial arrangement made with a banking institution that allows for the deposit and withdrawal of money, and is used for managing personal or business finances.

Uniform Crime Report

A comprehensive statistical report of crime data collected by law enforcement agencies across the United States, compiled by the FBI.