Economists have difficulty applying the scientific method because:
A. Economics has a short history
B. The scientific method does not really apply to economics
C. People are the focus of economics, and their behavior is highly predictable
D. Controlled laboratory experiments in economics are often not feasible
Answer: D
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Which of the following statements is true?
A) Savings of households are independent of tax rates. B) Higher interest rates typically encourage more savings. C) An increase in the consumption of households increases savings of the households. D) Households that expect an increase in future earnings are likely to save more.
Which of the following are typically financed in a "bond market"?
i. a mortgage for a house ii. state government borrowing for a new road project iii. your purchase of 4000 shares of stock in Google A) ii and iii B) ii only C) i only D) i and iii E) i and ii