24. Which of the following statements is FALSE? (A) The Pfizer, Moderna, AstraZeneca and J&J vaccines do not reduce the spreac COVID-19. (B) COVID-19 primarily causes deaths and hospitalizations among the elderly those with pre-existing conditions such as obesity. (C) Klaus Schwab started the World Economic Forum. (D) It is impossible to get COVID-19 from an asymptomatic carrier.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question
24. Which of the following statements is FALSE?
(A) The Pfizer, Moderna, AstraZeneca and J&J vaccines do not reduce the spread of
COVID-19.
(B) COVID-19 primarily causes deaths and hospitalizations among the elderly and
those with pre-existing conditions such as obesity.
(C) Klaus Schwab started the World Economic Forum.
(D) It is impossible to get COVID-19 from an asymptomatic carrier.
25. Why do lockdowns comprise a bad method to deal with COVID-19?
(A) They cause harms from other health issues, such as suicides, drug overdoses, and
missed cancer screenings.
(B) Lockdowns operationalize the beta male within each individual, hence channeling
a simp from within the chasms of the soy boy realm.
(C) Lockdowns lead to starvation in developing countries, hence causing more deaths
than COVID itself.
(D) Both A and C.
The next three questions involve the following situation.
Consider a closed economy in which C = $345 billion, G = $350 billion, Y = $1 trillion,
and T
= $100 billion.
26. What is the overall level of saving, S?
(A) $250 billion.
(B) $305 billion.
(C) $345 billion.
(D) $555 billion.
27. What is the level of private saving?
(A) $250 billion.
(B) $305 billion.
(C) $345 billion.
(D) $555 billion.
Transcribed Image Text:24. Which of the following statements is FALSE? (A) The Pfizer, Moderna, AstraZeneca and J&J vaccines do not reduce the spread of COVID-19. (B) COVID-19 primarily causes deaths and hospitalizations among the elderly and those with pre-existing conditions such as obesity. (C) Klaus Schwab started the World Economic Forum. (D) It is impossible to get COVID-19 from an asymptomatic carrier. 25. Why do lockdowns comprise a bad method to deal with COVID-19? (A) They cause harms from other health issues, such as suicides, drug overdoses, and missed cancer screenings. (B) Lockdowns operationalize the beta male within each individual, hence channeling a simp from within the chasms of the soy boy realm. (C) Lockdowns lead to starvation in developing countries, hence causing more deaths than COVID itself. (D) Both A and C. The next three questions involve the following situation. Consider a closed economy in which C = $345 billion, G = $350 billion, Y = $1 trillion, and T = $100 billion. 26. What is the overall level of saving, S? (A) $250 billion. (B) $305 billion. (C) $345 billion. (D) $555 billion. 27. What is the level of private saving? (A) $250 billion. (B) $305 billion. (C) $345 billion. (D) $555 billion.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Supervisor
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education