Other things being equal, a decline in business taxes will cause investment to:
a. remain unchanged
b. increase
c. decrease
d. to equal consumption
b. increase
Economics
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Critically evaluate the following statement. "The presence of risk and uncertainty poses a problem for the workings of the market."
What will be an ideal response?
Economics
High transactions costs are reflected in
A) wide bid-asked spreads. B) narrow bid-asked spreads. C) high equilibrium prices. D) low equilibrium prices.
Economics