Given that the value of individual production of Carol and Tessie is zero, while their combined production is positive, we may conclude that:
a. any subset of the grand coalition can credibly threaten to block the coalition.
b. the coalition is not individually rational.
c. the core is empty.
d. any allocation of payoffs from the coalition will lie within the core.
D
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The schedule describing the Keynesian consumption function will become steeper with an increase in ________
A) consumption spending B) autonomous consumption C) the marginal propensity to consume D) the marginal propensity to save
Demand is said to be price elastic at a point on a demand curve if a
a. 1 percent rise in price reduces the quantity demanded by more than 1 percent. b. 1 percent rise in price reduces the quantity demanded by less than 1 percent. c. 1 percent rise in price reduces the quantity demanded by more than 10 percent. d. 10 percent rise in price reduces the quantity demanded by less than 10 percent.
Assume that the expectation of declining housing prices cause households to reduce their demand for new houses and the financing that accompanies it. If the nation has low mobility international capital markets and a flexible exchange rate system, what happens to the quantity of real loanable funds per time period and GDP Price Index in the context of the Three-Sector-Model?
a. The quantity of real loanable funds per time period falls, and GDP Price Index rises. b. The quantity of real loanable funds per time period falls, and GDP Price Index falls. c. The quantity of real loanable funds per time period rises, and GDP Price Index falls. d. The quantity of real loanable funds per time period falls, and GDP Price Index remains the same. e. There is not enough information to determine what happens to these two macroeconomic variables.
What is a pollution haven, and is there evidence that pollution havens exist?
What will be an ideal response?