Other things being equal, a higher saving rate
A) means higher standards of living today.
B) is associated with a decline in the rate of growth of the population.
C) means higher standards of living in the future.
D) leads to higher interest rates.
C
You might also like to view...
American consumers learn that grape consumption can reduce the incidence of heart disease. Everything else being equal, this will cause the
A. price of grapes to fall and decrease the quantity supplied. B. supply of grapes to fall and the quantity demanded to increase. C. quantity supplied of grapes to fall. D. demand curve for grapes to shift to the right and increase the quantity supplied.
Which of the following markets is likely to be a monopoly?
A) The market for patented nuclear medicines B) The market for wheat C) The market for smart phones D) The market for shower gel
In the prisoners' dilemma game, each player ________
A. consults the other player to determine his best action B. chooses the best outcome for the other player C. chooses the best outcome for himself D. chooses the best outcome for both players together
The principal difference between economic profits for a monopolist and for a competitive firm is that:
a. monopoly profits create major problems of equity whereas competitive profits do not. b. competitive profits exist only in the short run whereas monopoly profits may exist in the long run as well. c. monopoly profits represent a transfer out of consumer surplus whereas competitive profits do not. d. monopoly profits are usually larger than competitive profits.