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Business, 18.03.2021 01:30 colochaortiz20p7cajw

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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Explain how income and substitution affect savings decisions in opposing ways. Provide an example to...
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