If We Observe an Economy in Which Desired Saving Has

question 25

Multiple Choice

If we observe an economy in which desired saving has changed,but there has been no change in actual investment,we may infer that ________.

• A)this is a closed economy
• B)this is a large economy
• C)the trade balance has changed in the same direction as the change in desired saving
• D)all of the above
• E)none of the above

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Definitions:

Malpractice Claim

A lawsuit brought against a professional (e.g., a doctor, lawyer) for harm caused due to their negligence or failure to meet the standards of their profession.

Valued Policy

A type of insurance policy that pays out a predetermined amount in the event of a total loss.

Open Policy

An insurance policy that provides coverage for all shipments or transfers under certain conditions over a specific period of time without the need for individual certificates.

Fair Market Value

The price that a property would sell for on the open market, where both buyer and seller have reasonable knowledge of all pertinent facts.