When the government budget deficit increases, national saving decreases
a. True
b. False
Indicate whether the statement is true or false
True
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According to the idea of consumer sovereignty, what will happen in the market for widgets if consumers decide they no longer desire widgets?
What will be an ideal response?
Which of the following is accurate regarding income statistics?
a. Current annual income is also an accurate indicator of relative economic status for the same individual over a longer period such as a decade or lifetime. b. When there is substantial income mobility, one's current position in the income distribution will not be a very good indicator as to what one's position will be a few years in the future. c. Recent studies indicate that there is a strong positive relationship between the relative income position of a family and the relative income position of their children and grandchildren. d. Even though annual income data camouflage the fact, high-income earners generally maintain their status year after year, while those with low current incomes tend to stay poor year after year.
Increases in both human capital per worker and physical capital per worker increase productivity
a. True b. False Indicate whether the statement is true or false
In exchange for a share of the revenues earned on campus, State U has granted CheapFizz the exclusive right to sell soft drinks in the student union and in vending machines on campus. Prior to the deal, three soft drink companies sold beverages on campus; now no other soft drink company is allowed to sell its products on campus. The beneficiaries of this deal is/are ________.
A. the students at State U B. State U and CheapFizz C. CheapFizz D. State U