If an Economy Is Closed and If It Has No

question 38

Multiple Choice

If an economy is closed and if it has no government,then

• A)national saving = 0.
• B)national saving = private saving.
• C)public saving = investment.
• D)gross domestic product = consumption.

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Definitions:

Honesty

The quality of being truthful, transparent, and free from deceit or fraud.

Integrity

The quality of being honest and having strong moral principles, often regarded as a foundational element of ethical behavior in both personal and professional contexts.

Embellishing

The act of adding decorative details or features to something, often to make it more attractive or interesting; can also mean exaggerating facts.

Social Responsibility

The duty of businesses and individuals to act in the best interests of society and the environment.