Fill in the blanks with the options provided. (1) When saving is negative, the excess of consumption over disposable income must be financed by _____________________. Economic Production is an activity that is (2) _________________________. 1a Acquiring more assets 1b Incurring Liabilities 1c Reducing capital transfers   2a carried out under the control of an institutional unit 2b the value resulting from gross output less intermediate costs.

ECON MICRO
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ISBN:9781337000536
Author:William A. McEachern
Publisher:William A. McEachern
Chapter13: Capital, Interest, Entrepreneurship, And Corporate Finance
Section: Chapter Questions
Problem 1.1P
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Fill in the blanks with the options provided.

(1) When saving is negative, the excess of consumption over disposable income must be financed by _____________________. Economic Production is an activity that is (2) _________________________.

1a Acquiring more assets

1b Incurring Liabilities

1c Reducing capital transfers

 

2a carried out under the control of an institutional unit

2b the value resulting from gross output less intermediate costs.

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