Why aren't all people paid the same amount in factor payments for the resources they provide?
What will be an ideal response?
Ans: Factor payments differ because societies place different values on resources and products.
Economics
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When we assume that investment is autonomous we imply that:
a. it is a fixed constant amount. b. it is independent of current real GDP. c. it is a positive function of interest rates. d. it is actually zero. e. it has no impact on consumption.
Economics
A countercyclical policy says that an economic boom is a more appropriate time for lowering taxes and increasing spending
a. True b. False Indicate whether the statement is true or false
Economics