Give some examples of transactions in markets which are not regulated or controlled
What will be an ideal response?
services such as cleaning, cooking, free child care, and people who run businesses from their homes, yard sales, flea markets
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Capital controls are most often aimed at slowing or eliminating movements of
A) reserve assets. B) foreign direct investment. C) foreign portfolio investment. D) nonreserve government assets. E) None of the above.
Per capita income growth is derived by dividing a country's income growth by its
a. money growth b. production growth c. productivity growth d. population growth e. output growth
Evidence from experiments in which real people play the ultimatum game supports the idea that people care about fairness as well as about maximization of their personal wealth
a. True b. False Indicate whether the statement is true or false
If a market is allowed to move freely to its equilibrium price and quantity, then an increase in supply will
a. increase consumer surplus. b. reduce consumer surplus. c. not affect consumer surplus. d. Any of the above are possible.