The smaller the marginal propensity to save, other things constant,
What will be an ideal response?
the steeper the consumption function
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As an agent of economic development, in what areas do NGOs have a comparative advantage, compared to governments or markets?
What will be an ideal response?
Money market mutual funds are funds pooled by
A) a group of people to buy shares of stocks. B) a group of people to buy stock market funds. C) a group of people to buy short maturity credit instruments. D) a group of people to buy U.S. Treasury bonds.
For a commitment strategy to work:
A. the punishment must be so bad that it outweighs the incentive to defect in the game. B. the punishment must occur immediately after the game is played. C. both players must agree to a punishment. D. no player may have a dominant strategy.
What are the arguments in favor of trade restrictions, and what are the counterarguments? According to most economists, do any of these arguments really justify trade restrictions? Explain