The possibility of the endless cyclical preference is eliminated by the property of:
A. transitivity.
B. more and better.
C. diminishing marginal rate of substitution.
D. completeness.
Answer: A
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Use the above table. At an income of $150
A) real saving is $20. B) real dissaving is $50. C) real saving is $10. D) real dissaving is $10.
If equilibrium real GDP rises from $4 trillion to $6 trillion when government purchases increase by $1 trillion, the MPC must be
a. 0.8 b. 0.4 c. 0.5 d. 0.2 e. 2
Which of the following statements about the stock market is true?
A. People who want to buy shares of stock in an established company will generally contact a representative of a venture capital firm. B. Diversifying by buying shares of stock in many different companies can eliminate the risk taken by the stock investor. C. Some investors diversify by investing in a group of many different stocks, such as those in the S&P 500 Index. D. Government regulation ensures that the stock market will go up each year, even if there are occasional declines in stock values.
Why did the command system fail? (Soviet Union in 1990's)
What will be an ideal response?