Less developed countries are often characterized by imperfect capital markets. Assuming that the LCH applies to these countries and that a large proportion of the population is below fifty the
A) MPC should be relatively high.
B) MPC should be relatively low.
C) frequency of liquidity constraints is low.
D) sensitivity of consumption to loans is low.
A
Economics
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When the total utility from consuming one good is maximized, marginal utility is
A) maximized. B) minimized. C) zero. D) positive.
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Since the 1970s, the share of income in the top fifth of households
A. has steadily increased. B. has steadily decreased. C. has remained relatively constant. D. dipped in the 1980s but increased since.
Economics