Control of an essential resource and the economies of being established are _________ that protect monopolies.
Fill in the blank(s) with the appropriate word(s).
barriers to entry
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If a household's income falls from $20,000 to $17,000 and its consumption spending falls from $18,000 to $15,000, then its: a. marginal propensity to consume is ?0.67. b. marginal propensity to consume is 0.88. c. marginal propensity to consume is 0.20. d. marginal propensity to save is 0
e. marginal propensity to save is 0.12.
A Chinese person reads The China Financial Times and notes that the exchange rate, dollars per yuan, is 9 . An American reading The Wall Street Journal sees the same rate expressed in yuans per dollar and it is
a. 9 b. 0.90 c. 90 d. 0.11 e. 0.09
According to the model of voting developed in the? chapter, the choices made by government match the preferences of the median voter.
According to the model of voting developed in the? chapter, the choices made by government match the preferences of the
voter.
Adam Smith believed that if people were free to pursue their own interests.
What will be an ideal response?