The U.S. saving rate is
A) rapidly increasing. B) higher than that of most major countries.
C) low. D) negative.
C
You might also like to view...
The act of buying a commodity in one market at a lower price and selling it in another market at a higher price is known as:
a. buying long. b. selling short. c. a tariff. d. arbitrage.
Isabel receives a check for $7,000 from Kermit and deposits it in her bank. Suppose that the reserve ratio is 10 percent. As a result of this transaction the money supply will:
A. increase by $70,000. B. decrease by $63,000 and then increase by $70,000. C. decrease by $70,000 and then increase by $63,000. D. not change.
What happens to the market outcome if cartel members cheat on the collusive agreement?
A) Price declines, but firm-level quantities remain the same because the firms act like price takers B) Price and quantity revert to the single-seller monopoly equilibrium outcome C) Other firms raise prices so that the average market price remains unchanged D) Price declines and quantity increases toward the perfectly competitive equilibrium
If the supply of skilled workers is increased such that it is equal to the supply of unskilled workers, we can expect:
a. wages of skilled workers to be equal to wages of unskilled workers. b. wages of skilled workers to be lower than wages of unskilled workers. c. wages of skilled workers to be higher than wages of unskilled workers. d. wages of unskilled workers to fall from its current level. e. wages of both skilled and unskilled workers to remain unaffected.