Which aspects of globalization help to increase growth in the world economy?
What will be an ideal response?
Economic growth relies on the channel through which household savings are made available for capital investment. Aspects of globalization that have made this channel more efficient include (
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If the theory behind an economic model fits the data poorly, you would probably want to
A) use the theory to predict what would happen if the economic setting or economic policies change. B) start from scratch with a new model. C) enrich the model with additional assumptions. D) restate the research question.
If we observe that a consumer's budget constraint has shifted outward, we can assume that the consumer will buy
a. fewer normal goods and more inferior goods. b. more normal goods and fewer inferior goods. c. more normal goods and more inferior goods. d. fewer normal goods and fewer inferior goods.