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

Economics

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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

Economics

Differences in human capital are usually large and easily observable

Indicate whether the statement is true or false

Economics

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.

Economics

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

Economics