If disposable personal income is $500 billion and personal saving is $15 billion, the personal saving rate is
A. 1.5%.
B. 3%.
C. 7.5%.
D. 15%.
Answer: B
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A) political independence. B) goal independence. C) policy independence. D) instrument independence.
When long-run average total cost increases as output increases, a firm experiences
a. diseconomies of scale b. economies of scale c. constant returns to scale d. decreasing marginal cost e. greater total cost in the long run than in the short run
After his father lost his job, Jack was forced to drop out of school. In this scenario unemployment resulted in _____
a. a loss of lifetime earnings b. a loss of human capital c. deterioration of health d. a loss of social cohesion
Which of the following countries is not a member of NAFTA?
A) Canada. B) The United States of America. C) Mexico. D) All three countries form part of NAFTA.