_______ states that as real GNP per capita rises, people demand relatively more social goods and relatively fewer private goods?
A. incomes policy
B. Moral hazard
C. Wagner’s law
D. Fiscal policy
A. incomes policy
B. Moral hazard
C. Wagner’s law
D. Fiscal policy
A. A government support of technological advances can improve a nation’s
B. imperialism is necessary from the economic development of a nation
C. a communist system leads to economic prosperity
D. A the feudal system is more economically productive than the market system
A. the price of related goods consumer income
B. consumer incomes, tastes
C. the costs of production bank opening hours
D. the price of related goods preferences
A. marginal revenue equals marginal cost
B. marginal revenue equals price
C. marginal cost equals price
D. marginal cost equals demand
E. none of these answers
A. Canada
B. USA
C. Spain
D. Italy
A. ratio of the change in price to the change in quantity demanded.
B. ratio of the percentage change in quantity demanded to the percentage change in price.
C. ratio of the change in quantity demanded to the change in price.
D. ratio of the percentage change in price to the percentage change in quantity demanded.
A. a means tested cash benefit
B. a universal (social insurance based) benefit
C. a benefit in kind
D. none of the above