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

Author Question: It is useful to assume that there is a single representative consumer because A) this is ... (Read 102 times)

nelaaney

  • Hero Member
  • *****
  • Posts: 560
on: Jun 30, 2018
It is useful to assume that there is a single representative consumer because
 
  A) this is realistic.
  B) this is a useful abstraction if we are interested in problems where distribution effects are not important.
  C) this is the only model we know how to work with.
  D) a model with one consumer is the same as one with many consumers.

Question 2

The acquisition of a new physical asset by a foreign resident is called
 
  A) foreign direct investment.
  B) foreign capital investment.
  C) a portfolio inflow.
  D) a portfolio outflow.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

macagnavarro

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

A


nelaaney

  • Hero Member
  • *****
  • Posts: 560
Reply #2 on: Jun 30, 2018
Correct answers!


macagnavarro

  • Sr. Member
  • ****
  • Posts: 334
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Representative fruit types Representative fruit types
Block Diagram of Single-stage Pressure System for Dual-Stage Pressure Production of Nitric Acid Block Diagram of Single-stage Pressure System for Dual-Stage Pressure Production of Nitric Acid
A single overhead camshaft engine with a timing belt that also rotates the water pump. A single overhead camshaft engine with a timing belt that also rotates the water pump.
Single-cell circulation model Single-cell circulation model
Structures of the ionized forms of some representative fatty acids (part 1) Structures of the ionized forms of some representative fatty acids (part 1)
A complete kinetic scheme for a single nucleotide addition A complete kinetic scheme for a single nucleotide addition
Video: The Pressure Flow Model in a Plant

For a complete list of videos, visit our video library