Are the gains achieved or losses incurred by delaying consumption?

Read the second chapter of the textbook (A. Banerjee and E. Duflo “Poor Economics”, Penguin, 2012), and pay particular attention to the data the authors provide about household expenditures.Given these numbers and given the evidence presented in the papers, do you think that individuals in low-income countries behave as if they were starving. If so, why do you think that is?

The tax cuts of 2008 and 2009 reduced the disposable income of U.S. consumers.  True or  False

What’s wrong with the rational actor model? Under what conditions is it appropriate for analyzing the economy?

If the supply of petroleum were reduced by petroleum firms due to rising inventories, we can expect what?