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Author Question: When government spending is completely crowded out, the economy must have A) perfect capital ... (Read 48 times)

wrbasek0

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When government spending is completely crowded out, the economy must have
 
  A) perfect capital mobility.
  B) floating exchange rates.
  C) both A and B.
  D) broken the rules. Government spending cannot be completely crowded out.

Question 2

Explain the role of risk and uncertainty in an analysis of the economic behavior of peasant farmers. What kinds of questions does this analysis enable us to answer?
 
  What will be an ideal response?



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fwbard

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Answer to Question 1

C

Answer to Question 2

Answers may be expected to vary according to lecture topics, with some discussion of why peasant production decisions are rational. See the section in the text that discusses sharecropping.




wrbasek0

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


amandalm

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Reply 3 on: Yesterday
Gracias!

 

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