Economist Steve Landsburg has pointed out that Ebenezer Scrooge's change in behavior from miser to spender might actually be detrimental to the economy because
A) saving has to be greater than consumption for the economy to grow.
B) Scrooge was happiest when he was saving money, and happiness is the key to economic growth.
C) Scrooge's miserly saving helped contribute to the production of investment goods rather than consumption goods.
D) Scrooge's consumption habits were more detrimental to the environment than were his earlier saving habits.
C
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Recognition lag is the time it takes for policymakers to recognize the existence of an economic expansion or a recession
a. True b. False Indicate whether the statement is true or false
The argument that consumers will not be willing to pay any more for two items sold as one than they would for the two items sold separately is used to justify the legality of which of the following?
a. resale price maintenance b. tying c. predatory pricing d. free-riding