Most economists agree that government efforts in economic development must be:

A. Employed to substitute for private efforts
B. Designed to support private efforts
C. The sole driver of economic development
D. Kept at a minimum because we can always rely on markets

B. Designed to support private efforts

Economics

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Which of the following is NOT part of the shadow banking system?

A) the transformer B) the servicer C) the bundler D) the distributor

Economics

Suppose an individual were to win $1,000 in Las Vegas. The permanent-income hypothesis predicts that the individual would NOT be likely to

A) put his winnings in the bank. B) throw a party. C) buy a dishwasher. D) purchase some shares in a corporation.

Economics