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Author Question: When consumers act as price-takers, we say that they behave A) cooperatively. B) competitively. ... (Read 47 times)

xclash

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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.


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Perkypinki

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

B


xclash

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Reply 2 on: Jun 30, 2018
Excellent

covalentbond

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Reply 3 on: Yesterday
:D TYSM

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