Who was one of the first proponents of employing market economies instead of command economies?
a. Robert Heilbroner. b. Karl Marx.
c. Jeffrey Sachs. d. Adam Smith.
Question 2
The spending multiplier indicates that:
a. changes in investment, government, or consumption spending trigger much larger changes in real GDP.
b. an autonomous increase in saving will cause output to rise by a multiple of the additional saving.
c. a market economy will be more stable than classical economists thought.
d. the marginal propensity to consume is greater than one.
Many types of edible fungi are grown for the market.
Post-Communist Economies
The growth of GHG emissions is greatest in the rapidly growing economies of India and China
Growth in Closed Economies
Stock Market Tracks Growth in GDP
Markets and Institutions Market Story Problem