If realized capital gains are counted as household savings, then the saving rate in the US over the past 2 decades has
a) fallen sharply from 10% to nearly zero
b) hovered near zero and occasionally been negative
c) remained roughly steady at 10%
d) increased sharply
e) varied dramatically as the stock market has fluctuated
c) remained roughly steady at 10%
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Jake can complete an oil change in 45 minutes and he can write a poem in 90 minutes. Ming-la can complete an oil change in 30 minutes and she can write a poem in 90 minutes. Jake's opportunity cost of writing a poem is lower than Ming-la's opportunity cost of writing a poem
a. True b. False Indicate whether the statement is true or false
What are some of the advantages of trading in decentralized electronic exchanges?
What will be an ideal response?
________ is an industry market structure with a small number of firms each large enough to impact the market price of its output.
A. An oligopoly B. A monopoly C. Monopolistic competition D. Perfect competition
Which of the following will result in a firm increasing its level of production?
a. An increase in its Marginal Costs. b. A decrease in its Marginal Revenue. c. An increase in its Fixed Costs. d. An increase in the price of its product.