Which of the following is one of the reasons to believe that institutional change is more likely now than in the past?
a. The colonial era is over and countries are in the position to make their own institutional choices.
b. The collapse of communism has expanded the opportunity for institutional change.
c. Reductions in transportation and communication costs have increased the importance of institutions and policies.
d. All of the above are true.
D
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If Jill's MRS of popcorn for candy is 2 (popcorn is on the horizontal axis), Jill would willingly give up:
A) 2, but no more than 2, units of popcorn for an additional unit of candy. B) 2, but no more than 2, units of candy for an additional unit of popcorn. C) 1, but no more than 1, unit of candy for an additional 2 units of popcorn. D) 2, but no more than 2, units of popcorn for an additional 2 units of candy.
The demand for money is a downward sloping line that depicts the relationship between the price level and the opportunity cost of holding money
a. True b. False Indicate whether the statement is true or false