An explanation for the low saving rate in the United States consistent with the demonstration effect includes:
A. highly-developed financial systems making it easy to buy homes with down payments under 15 percent.
B. households spending beyond their means to keep up with community standards.
C. large and persistent capital gains.
D. relatively generous government assistance for the elderly and large down payments required for home purchases.
Answer: B
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A) The market is based on competition; the government is based on cooperation. B) The market is based on prices; the government is based on policies. C) The market is based on individualism; the government is based on socialism. D) In all of the above ways. E) In none of the above ways.
Universal service means that one company provides service to all consumers, everywhere
a. True b. False Indicate whether the statement is true or false