Which of the following has not been suggested as a reconciliation of Leontief's findings?

A) international differences in tastes
B) U.S. tariff structure
C) failure to take into account natural resources
D) temporary data problems immediately after World War II

D

Economics

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Optimal decisions are made

A) if information about prices and marginal utilities is known. B) in the marketplace. C) at the margin. D) when marginal utility is minimized.

Economics

In the equation Y = (1/1 – b + v)(a + I + G + X ? u), the term (1/1 – b + v) is referred to as the

a. level of autonomous expenditures. b. autonomous expenditure multiplier. c. balanced budget multiplier. d. tax multiplier.

Economics