At the household level, higher saving rates lead to ________ and greater economic security.
A. greater current consumption
B. greater wealth
C. less current income
D. less wealth
Answer: B
Economics
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P = MC is a recipe for financial loss in an innovative firm established by an innovative entrepreneur. Explain
Economics
Someone who has been temporarily laid off and is looking for work in the meantime is known as a ______.
a. job loser b. job leaver c. reentrant d. new entrant
Economics
Figure 7-11
Refer to . As price falls from PA to PB, which demand curve represents the most elastic demand?
a.
D1
b.
D2
c.
D3
d.
All of the above are equally elastic.
Economics
Which of the following is most likely to be an inferior good?
A. Ocean cruises B. Used clothing C. Steak D. Luxury automobiles
Economics