Incentives
A) are always used to encourage particular behaviors.
B) are always used to discourage particular behaviors.
C) can be used to either encourage or discourage particular behaviors.
D) are never used to encourage or discourage particular behaviors.
C
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By international standards, the household saving rate of the United States:
A. has always been very high. B. was extremely high until the 1980s. C. has not ever really been high. D. was low through the 1970s and 1980s, but increased throughout the 1990s to become one of the highest.
What is called for with heterodox stabilization policies?
What will be an ideal response?
One way to estimate GDP is to:
A. add together the market value of only final goods sold in the economy and not services. B. measure the total expenditure of an economy. C. add together the market value of only final services sold in the economy. D. add up all the money people spend buying final and intermediate goods and services.
Products traded between two nations that are very similar and very close substitutes, but that may be of different quality or prices, are called:
a. differentiated complements. b. differentiated substitutes. c. differentiated products. d. perfect substitute products.