If households expect an increase in their future incomes, they will save
A) less and consume more today.
B) more and consume less today.
C) and consume more today.
D) and consume less today.
A
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Refer to Figure 1-1. Using the information in the figure above, calculate the percentage change in sales of alcoholic beverages between 2013 and 2015
A) 23.8% B) 40% C) 42.9% D) 73.3%
Which of the following is true of illegal immigrants?
a. They help improve the quality of goods and services produced in the United States. b. They help increase the wage rate in the U.S. c. They do not affect the equilibrium wage of the U.S. unskilled labor market. d. They help some firms lower operating costs, earn more profit, and produce more. e. They reduce the supply of unskilled labor in the United States.
International trade does all the following except
a. allow a country to specialize in producing certain goods and services. b. reduce world output. c. allow a country to move to higher consumption levels. d. increase world output.
A monopolistically competitive firm can minimize its losses by producing where ________ as long as ________.
A. P = ATC; P > MR B. MR = MC; P > AVC C. P = MR; P > AFC D. P = MC; P > ATC