A. Unchanged
B. Larger
C. Smaller
D. Unstable
A. people are rational maximizers
B. People are reluctant to change their minds
C. People are inconsistent over time
D. People care about fairness
A. 8%
B. 12%
C. 16%
D. 18%
A. bureaucracy
B. bad luck
C. poor communications
D. the low level of government grants and by the fact that some projects would have gone ahead anyway
I- the skill limit
II- the savings gap
III- the fiscal gap
IV- the foreign exchange gap
A. I and II only
B. II and IV only
C. I, II and III only
D. I, II and IV only
A. Is likely to reduce savings
B. Is likely to reduce the external value of the currency
C. Leads to a shift in the MEC schedule
D. Leads to a movement along the MEC schedule
A. Marginal cost is Rs20
B. Average cost rises
C. Variable cost rises by Rs200
D. Average fixed cost was Rs10originally