A weak economy impacts the most skilled and the least skilled equally
Indicate whether the statement is true or false
F
You might also like to view...
Consider the market for credit. When the demand for credit increases while the supply of credit remains unchanged,
A) the interest rate will decrease and the amount of credit provided in the market will increase. B) the interest rate will increase and the amount of credit provided in the market will increase. C) the interest rate will decrease and the amount of credit provided in the market will decrease. D) the interest rate will increase and the amount of credit provided in the market will decrease.
For the purpose of calculating the consumer price index, the basket of goods
a. is kept the same from year to year so that the effects of price changes are isolated from the effect of any quantity changes that might be occurring at the same time. b. is kept the same from year to year; otherwise, the value of the index would remain constant from year to year. c. varies from year to year; otherwise, the value of the index would remain constant from year to year. d. varies from year to year so that consumers' buying patterns are updated in a timely fashion.
The average person in Country X spends almost all of their income, rather than save it. How will this dynamic most likely impact the country’s economic growth?
a. Not saving for the future will hinder economic growth. b. The spending will drive rapid economic growth. c. It will have little impact on growth. d. It will slow growth in the short term but boost it in the long term.
A form of oligopoly in which a dominant firm sets the price and all smaller firms in the industry follow the dominant firm's pricing policy is called
A. a cartel. B. the contestable markets model. C. the price-leadership model. D. the Cournot model.