Which of the following influences household saving?
I. The real interest rate
II. Disposable income
III. Expected future income
A) I only
B) I and II
C) I and III
D) I, II, and III
D
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A monopoly will arise if
A) two out of three of a town's pizzerias go out of business and only one new pizzeria opens. B) the town council passes a law granting Nick's Pizza the exclusive right to operate in that town. C) Papa Joe's Pizza becomes the largest pizza producer in town and Nick's Pizza stays small in size. D) several big pizza chains force several small pizzerias out of business. E) people decide they like pizza more than before so some pizzerias gain new customers.
Which of the following is false? a. The unemployment rate is the number of people officially unemployed divided by the civilian labor force. b. The labor force includes those people over the age of 14 who are either employed or unemployed
c. Discouraged workers, who have not actively sought work for four weeks are not counted as unemployed; instead they fall out of the labor force. d. Some people working overtime or extra jobs might be considered to be overemployed.
Oligopoly arises with scale economies that are not large enough to cause a natural monopoly.
Answer the following statement true (T) or false (F)
The exchange rate last month was $1= 1 Swiss francs. This month it is $1 = 1.15 Swiss francs. We can say that the value of the dollar
A. decreased, causing net exports to decrease and aggregate demand to fall. B. increased, causing net exports to decrease and aggregate demand to rise. C. increased, causing net exports to decrease and aggregate demand to fall. D. deccreased, causing net exports to increase and aggregate demand to rise.