Economists who focus on the need for fiscal austerity tend to focus on
A. the short run.
B. the long run.
C. both the short run and the long run.
D. neither the short run or the long run.
Answer: B
Economics
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A debit entry in the balance of payments system could be from which of the following?
A) a payment from abroad received by a domestic resident. B) a payment made while abroad by a domestic resident. C) a decrease in the current account deficit. D) an increase to the capital account surplus.
Economics
Teddy has preferences given by the utility function U(K,L) = 2L + K where K = pounds of Kale per month and L = pounds of lettuce per month
What is Teddy's Marginal Utility of Kale? What is Teddy's Marginal Utility from Lettuce? If Kale is on the horizontal axis, what is Teddy's marginal Rate of Substitution?
Economics