This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: When consumers act as price-takers, we say that they behave A) cooperatively. B) competitively. ... (Read 78 times)

xclash

  • Hero Member
  • *****
  • Posts: 681
on: Jun 30, 2018
When consumers act as price-takers, we say that they behave
 
  A) cooperatively.
  B) competitively.
  C) monopsonistically.
  D) irrationally.

Question 2

When there are credit market frictions, Ricardian equivalence may not hold because
 
  A) consumers cannot understand the implications of the government budget constraint.
  B) a tax cut in the present with a future increase in taxes works effectively like a loan.
  C) an increase in government saving is matched one-for-one by a decrease in private saving.
  D) social security is fully-funded.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Perkypinki

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

B


xclash

  • Member
  • Posts: 681
Reply 2 on: Jun 30, 2018
Excellent

alvinum

  • Member
  • Posts: 317
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
Farmers’ markets provide fresh, local produce to consumers Farmers’ markets provide fresh, local produce to consumers
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
Look at Table 4.2.2. Consumers learn that the rubber ducks wear out batteries quickly. As a ... Look at Table 4.2.2. Consumers learn that the rubber ducks wear out batteries quickly. As a ...
"The Department of Agriculture came out today with its prediction for food price "The Department of Agriculture came out today with its prediction for food price
Video: Causes of Angina

For a complete list of videos, visit our video library