Studies by economists suggest that
A) households do not increase their saving as the government's dissaving increases.
B) households increase their saving, but not by the full amount of an increase in government dissaving.
C) households also increase their dissaving when the government increases its dissaving.
D) households also increase their saving when the government increases its saving.
B
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Total factor productivity encompasses
A) labor. B) capital. C) output. D) know-how.
A natural monopoly
A. usually arises when there are large economies of scale. B. involves multiple firms selling differentiated products. C. is derived from deposits of natural resources. D. requires government licensing initially.
The sum of currency and reserves of depository institutions is the ________
A) reserves of the Fed B) assets of the Fed C) monetary base D) vault cash
We might predict that Hawaii has a comparative advantage compared to Russia in the production of pineapples because Hawaii has:
A. a climate more suitable for pineapples. B. more land available to grow them on. C. more advanced farming technology. D. less governmental oversight in the pineapple industry.