If a widow is harmed by mail fraud,
a. she may be compensated under property law
b. her legal action will be in the category of antitrust law
c. she may be compensated under tort law
d. this is a potential Pareto improvement
e. an economic inefficiency has arisen
E
Economics
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In Modigliani's life-cycle hypothesis, nearing or in retirement, a person's MPC tends to fall
Indicate whether the statement is true or false
Economics
If wages rise by 12 percent at the same time prices rise by 3 percent, then the increase in real wages is equal to
a. 12 percent. b. 9 percent. c. 6 percent. d. 3 percent.
Economics