The saving rate in the United States fell to nearly zero in the early 2000s. One of the contributing factors to this development was the
A. decrease in consumer confidence in the late 1990s.
B. declining real incomes of most American households.
C. increased housing wealth.
D. rising real interest rates in the United States.
Answer: C
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Which of the following is a financial intermediary?
A) an insurance company B) the Internal Revenue Service C) the Red Cross D) a share of corporate stock
In the figure above, the poorest 20 percent of households receive ________ of total income
A) 20 percent B) 10 percent C) 5 percent D) 15 percent
Developing countries that concentrate production in agricultural products or raw materials may face a secular decline in their international terms of trade due to
A) sluggish demand for these products in developed countries. B) large increases in the supplies of these products on world markets due to export expansion policies. C) inelastic demand for these products in developed countries. D) All of the above.
In which industry structure is advertising and sales promotion likely to be most important?
A) perfect competition B) monopoly C) monopolistic competition D) All of the above are equally reliant on effective advertising and promotion.