Suppose a new market for tradable pollution permits is created. As long as there is a free market for the pollution rights, the final allocation will be __________ , regardless of the initial allocation of permits
Fill in the blank(s) with correct word
efficient
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Using equations for public and private saving, show that saving must equal investment in a closed economy. Begin with the expression for total saving in the economy
What will be an ideal response?
One feature of the gold standard was that
a. countries had almost complete control over their own monetary policies b. surplus could cause the money supply to decrease c. slow gold production could lead to deflation d. exchange rates were unstable e. each currency was worth the same as other currencies
What is inverse dependency ratio? What does it mean for future worker productivity?
Please provide the best answer for the statement.
Shawna bought an antique table for $200 last year and is now selling it for $250. Her rate of return on the table is:
A. 10 percent B. 20 percent C. 25 percent D. 30 percent