Studies show that ________ households tend to save more of their income than others, and also show that ________ households save more out of tax cuts than others do.
A. poorer; richer
B. richer; richer
C. richer; poorer
D. poorer; poorer
Answer: C
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The most direct and important consequence of an increase in asymmetric information problems is ________
A) a decrease in the probability of loan repayment B) inability to assess the probability of loan repayment C) unwillingness of borrowers to accept the market rate of interest D) inability of creditors to acquire enough funds to meet borrowers' demand
The percentage of people living in urban areas decreased surprisingly between 1860 and 1910
Indicate whether the statement is true or false
An example of frictional unemployment is a(n):
a. textile worker permanently laid off due to jobs lost to imports. b. engineer permanently laid off due to advances in technology. c. fast-food restaurant worker who quits work and attends college. d. computer programmer who leaves one job and accepts a new job.
Using a fixed exchange rate to undervalue your currency:
A. will increase your exports. B. will encourage capital flow to countries other than your own. C. makes imports very expensive for your citizens. D. All of these statements are true.