Beginning in 1970 there was ________ relationship between the household saving rate and the ratio of the net worth to disposable income
A) strong positive
B) strong negative
C) very weak but positive
D) weak but negative
B
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Gross domestic product (GDP) decreases if the quantity of illegal drugs sold decreases
a. True b. False Indicate whether the statement is true or false
Citizens and investors in Argentina interpreted the government's fiscal stimulus response to the country's financial crisis as:
A. a bad sign and drastically increased their spending and investing as a result. B. a bad sign and drastically reduced their spending and investing as a result. C. a good sign and drastically increased their spending and investing as a result. D. a good sign and drastically reduced their spending and investing as a result.
Refer to the table below. Suppose that the consumer's income increased from $20 to $30. What would be the utility-maximizing combination of products X and Y?
Answer the question based on the table below showing the marginal utility schedules for product X and product Y for a hypothetical consumer. The price of product X is $4 and the price of product Y is $2. The income of the consumer is $20.
A. 3X and 3Y
B. 4X and 4Y
C. 5X and 4Y
D. 5X and 5Y
A form of industry structure characterized by a few firms each large enough to influence market price is
A. monopoly. B. perfect competition. C. monopolistic competition. D. oligopoly.