If the saving rate increases, break-even investment will be ________ than investment, and GDP per worker will ________
A) greater; increases
B) greater; decreases
C) less; increases
D) less; decreases
C
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The economy's ability to coordinate economic activity is hindered by
A) auction prices. B) workers whose wages change quickly. C) sticky wages causing sticky prices. D) all of the above.
Less than 1/3 of those age 85 or older are currently married
Indicate whether the statement is true or false
Which of the following statements regarding a competitive market is not correct?
a. There are many buyers and many sellers in the market. b. Firms can freely enter or exit the market. c. Price equals average revenue. d. Price exceeds marginal revenue.
An increase in demand will cause
a. an increase in supply. b. a decrease in quantity supplied. c. a decrease in supply. d. a decrease in equilibrium price. e. an increase in quantity supplied.