Multiple Choice
The neoclassical theory of distribution explains the allocation of:
A) output between goods and services.
B) output among consumption, investment, and government spending.
C) income among factors of production.
D) income between saving and investment.
Correct Answer:
Verified
Correct Answer:
Verified
Q114: In a neoclassical economy, assume that the
Q115: An increase in the supply of capital
Q116: Assume that an increase in consumer confidence
Q117: The real wage is the return to
Q118: The two most important factors of production
Q120: In a closed economy, the components of
Q121: Government transfer payments:<br>A) are included as part
Q122: In a classical model with fixed factors
Q123: Assume that equilibrium GDP (Y) is 5,000.
Q124: If saving exceeds investment demand, and consumption