If the Canadian people's real assets increase, then the
a. Canadian economy will move to the right along its existing consumption curve
b. Canadian economy will move to the left along its existing consumption curve
c. consumption curve in Canada will shift downward
d. consumption curve in Canada will shift upward
e. investment curve in Canada will shift upward
D
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Refer to Figure 8.1. The Nash equilibrium is found where Charla plays ________ and where Mirna plays ________
A) Install; Install B) Install; Don't Install C) Don't Install; Install D) Don't Install; Don't Install
Why would an economist claim that "oil comes out of our minds"?
A) She wants to sound silly. B) She wants to tell lies. C) She wants to remind us that the recognition of useful resources is a product of our mental abilities. D) She wants to sound like a really big and important theorist and could not care less about the facts of the real world.
Explain the distinction between a command system and an incentive system
What will be an ideal response?
"The number of species on earth is decreasing drastically and economic development is the main factor for the problem." Do you agree or disagree? Why?
What will be an ideal response?