Category: Economics

➤ When do social smiles typically appear in infants?
Social smiles usually emerge between six and eight weeks of age as part of early social development. Caregivers often notice consistent smiling in response to faces or voices by two months. If social responsiveness is lacking after three months, discuss concerns with a pediatrician to check vision, hearing, and development.

will the hicks compensating variation and hicks equivalent variation will always be smaller than slutsky counter part

➤ How does a nonprofit corporation differ from an unincorporated association?
A nonprofit corporation is a registered legal entity that provides limited liability, formal bylaws, a board, and perpetual existence. An unincorporated association is informal, easier to start, and lacks separate legal personality, so members can face personal liability. Corporations generally qualify for tax exemptions and grants more readily and have clearer reporting rules.

Oil prices have risen temporarily, due to political uncertainty in the Middle East. An advisor to the Fed suggests,

What is the per capita share of the total public debt outstanding closest to?
$25,000
$1,000,000
$50,000
$250,000
$100,000