The GDP gap tends to increase when the economy shifts into recession
a. True
b. False
Indicate whether the statement is true or false
False
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For an individual concerned with whether or not the Social Security system provides a good rate of return on the money paid into the system, she only needs to look at the return on investment for previous beneficiaries
a. True b. False
Differences in human capital are usually large and easily observable
Indicate whether the statement is true or false
How does De Beers maintain a near-monopoly on diamonds?
a. De Beers owns most of the world's diamond mines. b. De Beers limits the number of diamonds produced at mines it does not own by controlling wholesaler access to diamonds. c. De Beers has a 60-year old patent on cutting diamonds, and so is the only source of diamonds to U.S. jewelry stores. d. De Beers is the only diamond manufacturer which has a license for retail sale of diamonds.
The ________ households faired very well during the period after 1995 in their wealth shares.
A. bottom half B. upper-middle class C. top 1 percent D. top 90-99 percent