When someone borrows to purchase capital goods, he is using someone else's _____ to fund his _____
Fill in the blank(s) with correct word
saving, investment
Economics
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________ occurs when an individual has no incentive in paying for a good because failure to pay does not prevent consumption
A) A free-rider problem B) The paradox of thrift C) A tragedy of the commons D) The paradox of plenty
Economics
If unemployment and inflation always move in the same direction, then we can infer that business fluctuations are
A. from the demand side. B. from the supply side. C. from both the demand and supply side. D. purely random events.
Economics
What is the major argument in the case for income equality?
What will be an ideal response?
Economics
The most volatile part of wealth is
A. transfer payments. B. Bonds. C. the stockmarket. D. savings accounts.
Economics