One way of reducing our trade deficit would be to get Americans to
A. save more and consume more.
B. save more and consume less.
C. save less and consume less.
D. save less and consume more.
B. save more and consume less.
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Adverse selection in insurance markets results in missing markets because people engage in riskier behavior once they are insured.
Answer the following statement true (T) or false (F)
If production displays constant returns to scale, then all economies of scale have been exhausted
Indicate whether the statement is true or false
What prompted the EU countries to seek closer coordination of monetary policies and greater exchange rate stability in the late 1960s?
What will be an ideal response?
A price ceiling is
A) the lowest price a seller can charge without losing all of its customers. B) a legal minimum price below which a good or service cannot be sold. C) a legal price above which a good or service cannot be sold. D) a nonprice rationing device.