Which statement is false?
A. Americans savings rate may not have been so low were it not for Social Security.
B. widespread home ownership has lowered Americans savings rate.
C. the U.S. suburban lifestyle has made it very difficult to save for most families.
D. Americans savings rate increased during the 1990's and early 2000's.
D. Americans savings rate increased during the 1990's and early 2000's.
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According to the theory of demand,
a. a change in the consumer’s income or wealth changes the entire demand relationship b. the consumer’s willingness to pay is also called the demand price c. demand price measures the marginal benefit (MB) of consuming another unit of the good d. a change in product price changes quantity demanded e. all of the above
When an interest in the people's problems affects the outcome, not the changes themselves, it is known as
a. hawthorne effect b. taylor effect c. laissez faire effect d. groupthink effect
If you remove resources from factory production, the quantity of factory goods will:
A. increase. B. decrease. C. remain the same but their price will decrease. D. be diverted to other production.
Explain why the transactions costs involved with trying to acquire 100 acres of land from one landowner are probably going to be less than the transactions costs involved with trying to acquire 10 acres of land from each of 10 different landowners
What will be an ideal response?