The relationship between the rate of saving and per capita real GDP is :

The relationship between the rate of saving and per capita real GDP is

A) positive.
B) negative.
C) constant.
D) not stable.

Ques. 2

The distinguishing characteristic of a public good is

A) noncompetitive production.
B) durability.
C) exclusivity.
D) nonrival consumption.

Ques. 3

The federal regulatory agency whose mission is to regulate workplace health and safety is the

A) AFL-CIO.
B) FTC.
C) OSHA.
D) SEC.

Ques. 4

All of the following are assumptions of the production possibilities curve EXCEPT

A) resources are fully employed.
B) there is a fixed time period.
C) there is a fixed level of technology.
D) there is a fixed demand for the products.

Ques. 5

A price ceiling established below the market clearing price will usually cause

A) nonprice rationing.
B) an excess supply.
C) no change in the market clearing price.
D) a decrease in the market clearing price.

Ques. 6

If a bond sells for 2,000 and pays 200 per year in interest, the interest rate on the bond is

A) 20 percent.
B) 10 percent.
C) 5 percent.
D) 100 percent.

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The relationship between the rate of saving and per capita real GDP is :

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