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Explain how income and substitution affect savings decisions in opposing ways. Provide an example to support your argument with detail and integrating the concept of marginal propensity to consumer and marginal propensity to save. Explain what is meant by game theory and how it can help us understand strategic behavior; also how it relates to international trade and comparative advantage--be sure to include an example.
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What type of budget is stated? a budget is a type of financial report that scrutinizes the inflow and outflow of money in a given financial year.
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What would not cause duff beerβs production possibilities curve to expand in the short run? a. improved manufacturing technology b. additional resources c. increased demand
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Explain how income and substitution affect savings decisions in opposing ways. Provide an example to...
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