Under the non-strategic view of bargaining, the terms of agreement are determined by

Refer to Table 22-4. In the table above, which countries are consistent with the predictions of the economic growth model?

A) Japan and Guatemala B) only Japan C) Botswana and Thailand D) all four countries

In the supply-and-demand diagram of the market for peanut butter, the equilibrium point has moved down and to the right. What could have caused this?

A) a fall in the price of peanuts B) a rise in the price of peanuts C) a rise in income, assuming that peanut butter is an inferior good D) a shift in preferences toward peanut butter