The average propensity to consume (C/Y) for the period 1970 to 1991 ranged between
a. 0 and - 0.80
b. 0 and 0.01
c. 0.65 and 0.80
d. 0.95 and 1.00
e. 1.20 and 1.50
C
Economics
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Suppose residents of Toadhop live on the Quabache River, a river prone to flooding. Suppose there are 1000 (type A) people who value flood control more than the 1000 (type B) people. Type A Demand QD = 100 ? P Type B Demand QD = 50 ? P Where Q measures the quality of flood control. If the price of a unit of flood control is $100000 and the citizens of Toadhop gather for a townhall meeting to
find the socially optimal level of flood control, and they are successful, how much will each type A individual contribute in total? a. 1875 b. 1500 c. 875 d. 625
Economics
The scarcity of a good can be reduced only by
What will be an ideal response?
Economics