Less developed countries are often characterized by imperfect capital markets. Assuming that the LCH applies to these countries and that a large proportion of the population is below fifty the
A) MPC should be relatively high.
B) MPC should be relatively low.
C) frequency of liquidity constraints is low.
D) sensitivity of consumption to loans is low.
A
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If the 4 largest cereal companies' total sales are $19 billion, and the industry's total sales are $55 billion then the Four-Firm Concentration Ratio is
A. 34.55%. B. 2.89%. C. 28.95%. D. 0.35%.
Define the tragedy of the commons. Give three examples of common pool resources. Briefly explain why common pool resources are subject to overuse
What will be an ideal response?
In the simple circular flow of income, whenever planned investment is equal to planned saving,
a. total output rises and prices fall. b. prices and total output tend to be stable. c. prices rise. d. total output increases.
If the government runs a deficit, the total amount of government debt is...
What will be an ideal response?