Which statement is true?
A. Middle-aged Americans have been saving at a higher rate than in the past.
B. Home equity loans have been a source of funds to finance consumer spending.
C. The Japanese savings rate is nearly twice the American saving rate.
D. None of these statements are true.
B. Home equity loans have been a source of funds to finance consumer spending.
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Under a progressive tax system: a. only the rich are taxed
b. higher marginal taxes are imposed on higher incomes. c. lower taxes are imposed on everyone. d. everyone pays the same percent of their income for tax.
State and local governments in 2007 accounted for approximately _____ percent of all government spending
a. 15 b. 25 c. 60 d. 85 e. 40
The production function shows
A) the incremental output gained by improving the production process.
B) the maximum output that can be produced from each possible quantity of inputs.
C) the technology used to produce output.
D) the total cost of producing a given quantity of output.
Which of the following groups is most hurt by unanticipated inflation?
A. Workers with cost of living adjustment clauses in their labor contracts. B. Social Security recipients. C. Workers who sign new work agreements every day. D. Wealthy people who hold much cash in their wall safes.