One reason why many low-income countries experience low rates of growth is because of low rates of saving and investment in those countries
Indicate whether the statement is true or false
TRUE
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Refer to Figure 4-6. What area represents producer surplus at the equilibrium price of P1?
A) A + B + C + D + E B) A + B + D C) D + E D) D + E + G + H
Considering primarily the effects through the price level, interest rates, and income, expansionary fiscal policy:
A. reduces both the supply and demand for dollars. B. increases the supply of dollars but reduces the demand. C. increases both the supply and demand for dollars. D. reduces the supply of dollars and increases the demand.
Suppose the U.S. Congress is considering passing an excise tax that would increase the price of a pack of cigarettes by $1.00. What would be the likely effect of this change on the demand and supply of cigarettes? What is likely to happen to cigarette
prices and the quantity consumed if the tax bill is enacted? Please provide the best answer for the statement.
Suppose 10% of all workers are of high ability. If a firm knows a worker's ability, workers of low ability are paid $20,000 and workers of high ability are paid $30,000. A college degree can signal ability, and the cost of the degree is $11,000. Will there be a pooling equilibrium or a separating equilibrium?
What will be an ideal response?