The financial sector channels savings back into the spending stream.
Answer the following statement true (T) or false (F)
True
Savings are translated by the financial sector into loans, which are then spent (channeled back into the spending stream).
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The "beauty premium" can be explained by the fact that
a. marginal productivity in all occupations has a physical dimension. b. in some occupations, physical attractiveness of workers may enhance the value of their marginal product. c. beauty acts as an implicit signal of innate intelligence. d. beautiful people are likely to reflect "good breeding."
Assuming that pizza is a normal good, if students' income at your college increases substantially, there would be:
A) a reduction in the demand for pizza. B) an increase in the quantity of pizza demanded. C) no change in the demand for pizza. D) an increase in the demand for pizza.
Is it likely that the U.S. economy created only 14 million jobs during this time? period?
What will be an ideal response?
As you move down the production possibility frontier, the absolute value of the marginal rate of transformation
A. increases. B. initially decreases, then increases. C. decreases. D. initially increases, then decreases.