If for some reason households become increasingly thrifty, we could show this by:
A. a downshift of the saving schedule.
B. an upward shift of the consumption schedule.
C. an upward shift of the saving schedule.
D. a movement down along a stable consumption function.
C. an upward shift of the saving schedule.
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Which of the following will NOT lead to increased capital investment within a country?
A) increased uncertainty about private property rights B) increased certainty about private property rights C) increased certainty about being able to reap the gains from investing D) the decreased possibility of nationalization of private property
In the Malthusian model, improvements in health care lead to
A) higher population and higher per-capita production. B) higher population and lower per-capita production. C) lower population and higher per-capita production. D) lower population and lower per-capita production.
Velcro is becoming more and more popular for a variety of uses, including as fasteners for shoes. What should happen to the equilibrium price and quantity for shoelaces as a result?
a. Both price and quantity will increase. b. Both price and quantity will decrease. c. Price will increase and quantity decrease. d. Price will decrease and quantity increase. e. Nothing.
Black markets are associated with:
A. price floors and the resulting product surpluses. B. price floors and the resulting product shortages. C. ceiling prices and the resulting product shortages. D. ceiling prices and the resulting product surpluses.