According to the permanent income hypothesis, when income rises above the permanent income level, the household saves at a lower rate than the long-run MPS
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Explain what is meant by the economic principle of voluntary exchange
What will be an ideal response?
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According to the textbook, NAFTA was expected to help which country exploit its comparative advantage in the production of goods made by unskilled labor?
A. Cuba B. Mexico C. Canada D. The USA
Economics