The uses-of-saving identity says that an economy's private saving is used for
A. investment, the government budget deficit, and the current account.
B. investment, interest expenses, the government budget deficit, transfer payments, and the current account.
C. investment, interest expenses, the government budget deficit, and the current account.
D. investment, interest expenses, and the government budget deficit.
Answer: A
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An agency that regulates product markets is the
A) Equal Employment Opportunity Commission. B) Environmental Protection Agency. C) Federal Trade Commission. D) Occupational Safety and Health Administration.
A congestion toll imposed on a highway driver to force the driver to take into account the increase in travel time she imposes on all other drivers is an example of internalizing the externality
a. True b. False Indicate whether the statement is true or false
By offering lower prices to customers who buy a large quantity, a monopoly is price discriminating
a. True b. False Indicate whether the statement is true or false
Which of the following is not a correct statement about the growth of real GDP in the U.S. economy?
a. Real GDP in 2009 was almost four times its 1965 level. b. Growth was steady between 1965 and 2009. c. Continued growth in real GDP enables the typical American to enjoy greater economic prosperity than his or her parents and grandparents did. d. The output of goods and services produced grew on average about 3 percent per year between 1965 and 2009.