A major reason for the existence of inflationary and deflationary gaps is that
a. corporations do most of the nation's saving.
b. saving and investing are done by people with no social conscience.
c. consumers do most of the nation's saving.
d. saving and investing are done by different groups.
d
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Insurance companies:
A. profit from the difference between the premiums paid and the expected value of clients' payouts. B. only profit by selling to risk neutral clients. C. must charge less than the expected value of payout, otherwise they would go out of business. D. All of these statements are true.
A 0.5% increase in the price of a particular product causes the quantity demanded of the product to drop to zero. This means that the price elasticity of demand for the product is: a. perfectly elastic
b. unit-elastic. c. perfectly inelastic. d. moderately elastic. e. moderately inelastic.
Based on the graph showing the type of health insurance and coverage status in the United States in 2016, about ______ percent have some type of government insurance.
a. 9
b. 38
c. 79
d. 90
If the marginal propensity to consume foreign imports(MPC F) is equal to 0.15, then a(n):
a. increase in domestic consumption will generate a 15% rise in imports. b. decrease in domestic consumption will generate a 15% rise in imports. c. increase in domestic income will generate a 15% rise in imports. d. decrease in domestic income will generate a 15% rise in imports.