Which of the following have a positive relationship with household saving?
I. the real interest rate
II. disposable income
III. expected future income
A) I and II
B) II only
C) II and III
D) I, II and III
A
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A decrease in the price of bowling shifts the
A) demand curve for bowling balls leftward. B) demand curve for bowling balls rightward. C) supply curve of bowling balls leftward. D) supply curve of bowling balls rightward.
In a bank panic, the source of contagion is the
A) free-rider problem. B) too-big-to-fail problem. C) transactions cost problem. D) asymmetric information problem.
Of the English-owned joint stock companies that operated in North America, which was the only one to survive longer than 20 years?
a. The London Company b. The New Plymouth Company c. The Hudson Bay Company d. The Massachusetts Bay Company
Most of the world's economies are mixed economies because _________
a. a cartel of powerful transnational firms demands it. b. the market system of allocation is always best. c. the command system of allocation is always best. d. government intervention in an overall market system exists because markets fail when there is market power, a great deal of inequality, pollution externalities, or public goods.