Ideas are not rivalrous, meaning that:
A. no one can benefit from an idea.
B. most ideas are generated by the government.
C. many people can benefit from an idea at the same time.
D. only one person can benefit from an idea at a time
Answer: C. many people can benefit from an idea at the same time.
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What were some of the consequences of the large current account deficits that the U.S. ran over a long period of time that culminated in the crisis that began in 2007?
What will be an ideal response?
In the Solow model, if saving per worker initially exceeds investment per worker,
A) the economy will experience inflation. B) the capital—labor ratio will increase. C) investment per worker will decline. D) saving per worker will decline.
In the Keynesian model, if interest rates fall below what people consider normal, households will respond by
A) decreasing the saving rate. B) reducing the saving rate. C) holding more money. D) holding more bonds.
Currently, which sector of the economy is consistently a net saver?
A) the household sector B) the business sector C) the federal government D) the foreign sector