Which of the following statements is true?
A. Savings was negative for the United States in 2005
B. There was a significant decline in the U.S. savings rate since the mid-1980s
C. A high rate of consumption for a country implies a low savings rate
D. All of the statements are true
D. All of the statements are true
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Since 1950, the average length of a recession in the United States has been
A) such that recessions barely exist. B) less than a year. C) between 1 and 2 years. D) greater than 2 years.
A "sequential game" is
A) another term for a repeated game. B) another term for a cooperative game. C) the term for a game in which individuals receive their payoffs at different times. D) the term for a game in which individuals do not commit to strategy choices at the same time. E) the term for a game in which each outcome occurs, one after the other, as the game is repeated over time.
Profits account for about 30 cents out of each dollar spent on goods in the United States
a. True b. False Indicate whether the statement is true or false
In the supply-and-demand diagram of the market for peanut butter, the equilibrium point has moved down and to the right. What could have caused this?
A) a fall in the price of peanuts B) a rise in the price of peanuts C) a rise in income, assuming that peanut butter is an inferior good D) a shift in preferences toward peanut butter