4. An economy consists of three workers: Larry, Moe, 5. Classify each of the following topics as...
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4. An economy consists of three workers: Larry, Moe, 5. Classify each of the following topics as relating to and Curly. Each works 10 hours a day and can MICTOSCONOMICS O MACTORCONOMICS.
produce two services: mowing lawns and washing
a. afamily’s decision about how much income to save cars. In an hour, Larry can either mow one lawn or
b. the effect of government regulations on auto wash one car, Moe can either mow one lawn or wash emissions two cars, and Curly can either mow two lawns or
c. the impact of higher national saving on economic wash one car. growth
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