Holding all other personal characteristics-such as age, gender, and income-constant, economists would expect that
A) people without health insurance will be less likely to be overweight than people with health insurance.
B) people without health insurance will be more likely to be overweight than people with health insurance.
C) people without health insurance will be equally likely to be overweight as people with health insurance.
D) there is no correlation between not having health insurance and being overweight.
Answer: A
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During a recession the Keynesian consumption theory predicts that the savings rate will ________ and the ________ theory that savings rate will ________
A) fall; PIH; fall B) fall; LCH; fall C) rise; PIH and LCH; fall D) rise; PIH and LCH; rise
Changes in which of the following will cause a change in exchange rates?
A) real interest rates B) consumer preferences C) perceptions of economic and political stability D) all of the above