Some of the benefits of globalization include
A) increased international trade.
B) greater income per person.
C) lower prices for goods.
D) greater product variety.
E) all of the above
E
Economics
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If the consumption function is C = 25 + 0.9y and income increases by $100, then consumer spending will increase by
A) $10. B) $25. C) $90. D) $115.
Economics
Which of the following would a person who believed in the doctrine of laissez faire disapprove of?
(A) The invisible hand of the marketplace. (B) Government funding of education. (C) Self-interest as the motivating force in the free market. (D) Consumer sovereignty.
Economics