Compared to 1955, Americans typically spend ______ of every consumer dollar on services.
A. less
B. substantially less
C. the same percentage
D. more
D. more
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Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies. 
A. D; C B. B; C C. B; A D. D; B
Arbitrage refers to the act of
A) buying a product in one market at a low price and reselling in another market at a higher price. B) suing a producer for illegal business practices. C) trading in the foreign exchange market. D) resolving a dispute in front of an arbitrator instead of a court of law.
Insurance companies offer only unfair insurance because
A) they are run by greedy capitalists. B) they can fool customers into buying it. C) they have operating costs. D) their risks are positively correlated.
The gender wage gap in Japan is smaller than in the U.S.; in Scandinavia it is wider
Indicate whether the statement is true or false