Household savings rates:

A. were roughly 5% in the United States in 2016.
B. were 10% in the United States in 2016.
C. were fairly constant at about 5 %in the United States from 2000 to 2010.
D. have been roughly 15 % in the United States for the last 30 years or so.


A. were roughly 5% in the United States in 2016.

Economics

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In the Solow growth model, given the values of A, s, n, and d, the economy has an equilibrium growth rate of real GDP equal to

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Public goods have at least one of two characteristics. What are the two characteristics?

a. collective consumption; nonexcludability b. individual consumption; nonexcludability c. collective consumption; excludability d. individual consumption; excludability

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One of the characteristics of an oligopoly is

A) many sellers. B) easy entry. C) interdependence in decision making. D) the use of patents to protect market share.

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Under the old Soviet version of communism in the U.S.S.R., the questions of 'What?', 'How?', and 'For whom?' were answered by

A. a democratically elected congress called the Duma. B. the law of supply and demand. C. the decisions of hundreds of millions of individual consumers. D. a government planning committee.

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