A. improves the material welfare of the buyers.
B. decrease consumer surplus
C. improves market efficiency.
D. increase consumer surplus.
A. inferior effect
B. normal effect
C. substitution effect
D. complementary effect
E. income effect
A. an agreement with the World Bank to turn some of a debt into other forms
B. a change in debt repayment due to inability to pay
C. regular payments of interest and repayments of capital
D. a program of austerity measures agreed with the IMF to make repayment possible
A. a revenue effect and redistribution effect
B. revenue effect and protection effect
C. consumption effect and protection effect
D. redistribution effect and consumption effect
A. modern sector and traditional sector
B. town and country
C. men and women
D. rich people and poor people
A. There is a kink in the marginal cost curve
B. Demand is price inelastic
C. Demand is price elastic
D. non-price competition is likely
A. Limited company
B. Society
C. Corporation
D. Cooperative