For the poorest countries, a slight improvement in economic growth will, over time, ______.
a. have no impact on the standard of living
b. cause them to become richer than today’s richest countries
c. have no impact on their level of wealth
d. improve the standard of living
d. improve the standard of living
Economics
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A good proxy for the flow of consumption services would be
A) aggregate consumption. B) consumption of services and consumption of durables. C) consumption of durables and consumption of nondurables. D) consumption of nondurables and consumption of services.
Economics
The principal-agent problem occurs:
A. when the principal has less information than the agent. B. when the principal has more information than the agent. C. when the agent has less information than the principal. D. not observed in reality.
Economics