Domestic Saving Must Equal Domestic Investment in

question 83

Multiple Choice

Domestic saving must equal domestic investment in

• A)both closed and open economies.
• B)closed, but not open economies.
• C)open, but not closed economies.
• D)neither closed nor open economies.

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Definitions:

Tangible Gain

A clear and measurable benefit or advantage, often of a financial nature.

Utilitarianism

An ethical theory suggesting that the best action is the one that maximizes utility, usually defined as that which produces the greatest well-being of the greatest number of people.

Ethical Dilemmas

Ethical Dilemmas are situations in which a person has to choose between two options, neither of which resolves the situation in an ethically acceptable manner.

Clear-Cut

Something that is easily understood or determined; unambiguous and straightforward.