The assumption of completeness means that
A) the consumer can rank all possible consumption bundles.
B) more of a good is always better.
C) the consumer can rank all affordable consumption bundles.
D) all preferences conditions are met.
A
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The demand for money is based on
A) the demand for consumption, demand for investment, and demand by government. B) the demand for cash, demand for securities, and the demand for real estate. C) a demand for liquidity and wealth. D) the transactions demand, asset demand, and precautionary demand.
If an economy with extractive institutions allows for political creative destruction:
A) poverty in the economy is likely to increase. B) the growth rate of the economy is likely to decrease. C) new leaders are likely to replace old leaders. D) innovation in the economy is likely to decrease.