Our educational standards today.
A. are the highest in history.
B. are much higher than they were 50 years ago.
C. are the same as they were 50 years ago.
D. are much lower than they were 50 years ago.
D. are much lower than they were 50 years ago.
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Distinguish between macroeconomics and microeconomics
What will be an ideal response?
The equilibrium outcome used in both the sequential and simultaneous move games is known as
a. The centrality equilibrium b. First mover equilibrium c. Nash equilibrium d. All of the above
For an inferior good, the income elasticity of demand is negative
a. True b. False Indicate whether the statement is true or false
Consumption spending that is independent of the level of income is known as
a. marginal consumption b. transitory consumption c. permanent consumption d. relative consumption e. autonomous consumption