American households spend more of their incomes on goods than on services.
Answer the following statement true (T) or false (F)
False
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What are the reasons why disclosure by the SEC do not eliminate the information costs of adverse selection?
What will be an ideal response?
The term "tragedy of the commons" describes:
a. how communal ownership of property leads to overuse and speedy exhaustion of resources. b. the very difficult circumstances that the every-day citizens faced when the first arrived in colonial America. c. how collective ownership of property produces a greater incentive for people to shirk, or work less than they otherwise would. d. how establishing governments was very difficult in the initial settlements.
Contractionary fiscal policy consists of:
a. increased government purchases and increased taxes. b. decreased government purchases and decreased taxes. c. decreased government purchases and increased taxes. d. increased government purchases and decreased taxes.
Based on the graph showing the run-up of nominal home prices, between 2000 and 2006, home prices increased at______.
a. about the same pace they always had
b. a much slower pace than they always had
c. a much faster pace than they always had
d. a slightly faster pace than they always had