Society has to establish priorities among its goals because of
a. lazy politicians
b. manipulative politicians
c. uneducated voters
d. a scarcity of resources
e. too many bosses and not enough workers
D
Economics
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Suppose a person calculates her permanent income by adaptive expectations. Last year's permanent income was 38,000, this year's actual income is 41,000, j = 0.30, and k = 0.86. What is her consumption expenditure this year?
A) 30,422 B) 12,174 C) 40,226 D) 38,774 E) 33,454
Economics
In high-inflation countries, workers prefer to spend their income faster compared to low-inflation countries
a. True b. False Indicate whether the statement is true or false
Economics