If consumers expect future prices to be higher
A. they substitute current purchases for future purchases of perishable products.
B. the demand for automobiles today will not change.
C. the position of the demand will not change.
D. stockpiling will happen when products are durable in nature.
Answer: D
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An example of a seasonally unemployed worker would be
A) a day care provider who quits his job to go back to school. B) a mother who quits her job to stay home with her children. C) a General Motors employee loses her job because the company is downsizing its work force. D) a software engineer who is laid off because of declining demand for the software he writes. E) a ski lift operator who loses his job when the snow melts in the spring.
Social Security is an income support program, designed primarily to maintain the living standards of the poor
a. True b. False Indicate whether the statement is true or false