How does the Washington Consensus differ from the Santiago Consensus?
What will be an ideal response?
The Santiago Consensus stresses poverty alleviation and the government taking responsibility for poverty alleviation. The Washington Consensus was much more free market based. See the chapter for more details.
Economics
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Even though free trade creates gains, some people still object to free trade because of the way those gains are distributed
Indicate whether the statement is true or false
Economics
Exhibit 8-6 Consumption function
?
In Exhibit 8-6, when disposable income is equal to zero, saving is equal to:
A. $0. B. $100. C. ?$50. D. ?$100.
Economics