Social Security _____
a. reduces the incentive to save
b. increases the incentive to save
c. has no effect on saving
d. increases the incentive to save when population growth is falling and decreases the incentive to save when population growth is falling
a
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A monopolistically competitive industry combines elements of both competition and monopoly. It is correct to say that the competitive element results from:
A. a relatively large number of firms and the monopolistic element from product differentiation. B. product differentiation and the monopolistic element from high entry barriers. C. a perfectly elastic demand curve and the monopolistic element from low entry barriers. D. a highly inelastic demand curve and the monopolistic element from advertising and product promotion.
Which of the following would most likely NOT be taught in a macroeconomics course?
A. government actions in response to a slowdown in the economy B. factors leading to different economic growth rates among countries C. the relationship between the inflation rate and the unemployment rate D. price changes in the world's oil markets