A growing economy can result in
A. less access to communication technology.
B. less government corruption.
C. a higher incidence of malnutrition.
D. fewer newborn deaths.
Answer: D
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The Cournot and Stackelberg models are similar, EXCEPT Cournot ________ and Stackelberg ________
A) sets price; sets output B) sets output; sets price C) is dynamic; is static D) is static; is dynamic
The smaller the marginal propensity to save, other things constant, _____
a. the smaller the marginal propensity to consume b. the smaller the multiplier c. the flatter the consumption function d. the steeper the consumption function e. the steeper the saving function
Assume there is a price ceiling imposed on a good which is below the equilibrium price. Which of the following changes would reduce the size of the surplus? a. An increase in demand
b. A decrease in demand. c. An increase in supply. d. None of the above; there is no surplus.
Price elasticity of supply is represented as ____________________.
a. monetary currency b. a percentage c. a fraction d. a ratio