According to the classification in the text, which of the following is not an industrially advanced country (IAC)?

What is the difference between a pure strategy and a mixed strategy?

What will be an ideal response?

If a consumer is spending all of his/her income in a manner where MUa / Pa is greater than MUb / Pb, then the consumer:

a. is maximizing his/her utility. b. should increase his/her purchases of B and decrease the purchases of A. c. should spend more money on both goods. d. should spend less money on both goods. e. should increase the purchases of A and decrease the purchases of B.