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Author Question: It is useful to assume that there is a single representative consumer because A) this is ... (Read 60 times)

nelaaney

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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.


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macagnavarro

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

B

Answer to Question 2

A


nelaaney

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Reply #2 on: Jun 30, 2018
Correct answers!


macagnavarro

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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