Which of the following is not a problem for the price system allocating resources among different time periods?
A. Interest rates are used for a variety of purposes other than influencing investment.
B. The market devotes too much to immediate consumption.
C. Our market system leads to lesser real incomes for later generations.
D. Our market system despoils irreplaceable natural resources.
Answer: C
Economics
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The national income spending identity can be expressed as:
A. M + V = C + I + G + NX. B. M = Y + C + I + G + NX. C. Y = M + V + P. D. Y = C + I + G + NX.
Economics
For a monopolist, changes in demand will lead to changes in
A) price with no change in output. B) output with no change in price. C) both price and quantity. D) any of the above can be true.
Economics