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A simple Keynesian model follows four principles:
<span>1. Accumulated expenditures, income, and output are the same.
2. All input of spending into the economy must equal all withdrawals
3. Investment is an input.
4. Saving is a withdrawal</span>
According to Keynesian analysis, of households intend to save more, they will become poorer. The theory about Keynesian analysis applies to economic where an increase in savings decreases the circular flow of income. S when the households save more, they are reducing the stream of income for other households and therefor diminishes the overall economic activity.
Answer:
If country A is able to produce the same units of computers at a lower cost than country B under similar production conditions.
Explanation:
<em>If under similar conditions of input and production process, country A is able to produce more units of computer than country B, then A is said to have an absolute advantage over B. </em>
By definition, absolute advantage is the capacity of an establishment, person, country, or organization to produce a higher output with similar input and production process when compared to another establishment, person, country, or organization.
In other words, an entity will have an absolute advantage over another if the former is more efficient in its production.
Answer:
Quality risk
Explanation:
Quality risk is a risk that emerges out of failure to meet quality goals for a particular product, service or business practice.