An Economy Is in Equilibrium When Which of the Following

question 51

Multiple Choice

An economy is in equilibrium when which of the following conditions is satisfied?

• A)consumption equals saving
• B)output equals consumption
• C)total saving equals zero
• D)total saving equals investment
• E) all of the above

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Definitions:

Oxygen Sag Curve

A graphical representation showing the decrease of dissolved oxygen in a body of water downstream from a pollution source as microorganisms decompose organic matter.

Oxygen-demanding Wastes

Wastes that require oxygen for their decomposition, which can deplete oxygen levels in water bodies, affecting aquatic life.

Sewage Treatment

The process of removing contaminants from municipal wastewater, containing mainly household sewage plus some industrial wastewater.

Acid Deposition

The falling of acids and acid-forming compounds from the atmosphere to the earth's surface, often resulting in environmental harm.