If two households have the same disposable income in the current year, the household with the
A) higher expected future income will consume a larger portion of its current income today.
B) lower expected future income will consume more today while it has the money.
C) lower expected future income will spend a larger portion of its current income on consumption today because it will increase its saving in the future.
D) none of the above
A
Economics
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A negative externality occurs when
A) there is rent-seeking. B) benefits are imposed on individuals that are not part of a transactions. C) there is creative destruction. D) costs are imposed on individuals that are not part of a transaction.
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Explain the long-run relationship between real hourly earning and productivity
What will be an ideal response?
Economics