Retirement savings accounts, such as IRAs, help increase economic growth because
A) they encourage international trade.
B) government invests them.
C) they keep the interest rates high.
D) people have an incentive to work harder and longer hours to save for the future.
E) savings finances investment.
E
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Which of the following displays these two characteristics: nonrivalry and nonexcludability in consumption?
A) public goods B) private goods C) quasi-public goods D) common resources
If the firm in the given graph were to produce Q1 and charge P3, the area C would represent:
These are the cost and revenue curves associated with a firm.
A. producer surplus.
B. consumer surplus.
C. deadweight loss.
D. profits.
If Bolivia can produce 6 calculators or 3 televisions in a day, and Argentina can produce 4 calculators or 12 televisions in a day, then Bolivia would be willing to trade 1 calculator for 1 television with Argentina
a. True b. False Indicate whether the statement is true or false
The expenditure multiplier only considers the impact of consumption changes on aggregate expenditures
a. True b. False Indicate whether the statement is true or false