Which of the following is a characteristic of an institution?
A) The institutions of a nation are permanent and cannot be changed over time.
B) Institutions place constraints on the behavior of economic agents.
C) Institutions are determined by individual opinions without considering the government's preference.
D) Institutions have very little influence on a nation's economic prosperity.
B
Economics
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An increase in the demand for a good is represented by:
A) a leftward movement along the demand curve. B) a rightward movement along the demand curve. C) a left shift to a new demand curve. D) a right shift to a new demand curve.
Economics
A Gini coefficient is a number that measures a society's income inequality
Indicate whether the statement is true or false
Economics