The SMarT program is designed to overcome which common barrier to saving?
A. Status-quo bias
B. An unwillingness to forgo current consumption
C. The program was designed to overcome both A and B.
D. The program was designed to overcome neither A nor B.
C. The program was designed to overcome both A and B.
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A market with two sellers is called a:
A. monopoly. B. perfectly competitive market. C. duopoly. D. biopoly.
Explain why the social demand curve for a public good is the vertical sum of the demand curves of each individual
What will be an ideal response?
For a given increase in aggregate demand, the steeper the short-run aggregate supply curve: a. the larger the increase in investment expenditure. b. the smaller the increase in the price level
c. the smaller the increase in real GDP. d. the larger the increase in real GDP. e. the smaller the increase in real interest rate.
Which of the following has been an outcome of the North American Free Trade Agreement (NAFTA)?
A. A lower standard of living in Canada, Mexico, and the United States. B. Lower wages in the United States and Canada. C. Increased trade among Canada, Mexico, and the United States. D. Lower wages and reduced employment in Mexico.