The term "saving" is a flow concept while the term "savings" is a stock concept
a. True
b. False
Indicate whether the statement is true or false
True
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The relationship between urbanization and GDP per capita, it is likely to be represented by a(n):
A) downward-sloping curve. B) inverted U-shaped curve. C) U-shaped curve. D) upward-sloping curve.
One result of voters' rational ignorance is that
a. cyclical majorities are more common b. vote trading is common c. majority rules d. special interests often dominate legislation e. members of Congress go along with whatever their constituents want
Of the following market structures, which are considered imperfectly competitive? I. Perfect competition II. Monopoly III. Monopolistic competition IV. Oligopoly
a. III only b. II and III c. III and IV d. II, III, and IV
The major cause of the recession in 2001 was a decline in _____________ spending.
Fill in the blank(s) with the appropriate word(s).