In the recession that started in 2008, the savings rate:
A. became negative.
B. decreased.
C. increased.
D. stayed the same.
Answer: C
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Refer to Table 2-15. What is George's opportunity cost of mowing a lawn?
A) one-half of a garden cultivated B) two lawns mowed C) two-thirds of a garden cultivated. D) one and a half lawns mowed
Under rent control, bribery is a mechanism to
a. bring the total price of an apartment (including the bribe) closer to the equilibrium price. b. allocate housing to the poorest individuals in the market. c. force the total price of an apartment (including the bribe) to be less than the market price. d. allocate housing to the most deserving tenants.
Which of the following is most important for young people wanting to increase their wealth and improve their living standard over time?
What will be an ideal response?
Is the problem of coordination common to all economies? Explain how the problem is met in a market economy and how coordination was dealt with in a command economy
Please provide the best answer for the statement.