If an Economy Is Closed and If It Has No

question 611

Multiple Choice

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

• A)national saving = private saving.
• B)total income = consumption + investment.
• C)saving = total income - consumption.
• D)All of the above are correct.

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Definitions:

Behavioral Theory

A theory that focuses on studying and modifying observable behavior through conditioning processes.

Hallucinogen

A substance causing alterations in perception, mood, and thought, typically inducing visions or hallucinations without external stimuli.

Painkiller

A drug or substance used to relieve pain, also known as an analgesic.

Stimulant

A substance that raises levels of physiological or nervous activity in the body, commonly used to increase alertness or physical energy.