Household savings rates:
A. vary enormously across countries.
B. seem to be similar for countries within the same continent.
C. are impossible to compare across countries.
D. are remarkably similar across countries.
Answer: A
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How does the textbook distinguish between coercion and persuasion? Coercion induces cooperation by
A) making only a majority better off, persuasion by making everyone better off. B) making nearly everyone better off, persuasion by making only a few people better off. C) threatening to reduce people's options, persuasion by promising to increase their options. D) using force, persuasion by using rational argument.
The federal budget exhibited a $128.7 billion surplus in 2001 but moved to a deficit of $157.8 billion in 2002
Some argued the deficit was opened up because of the Bush 2001 tax cuts, but others argued that the deficit grew because of the recession suffered in 2001. Evaluate the validity of the second argument.
Advocates of stabilization policy argue that when there is a recession, the government should increase the money supply and increase government expenditures.
a. True
b. False
Indicate whether the statement is true or false
In a two-sided market, the platform may offer different prices to different group of end users due to
A) the budget constraints of end users. B) substitution effects between the end users and the platform. C) different network effects between groups of end users. D) a lack of product differentiation in the products sold.