The demand for labor is:
A. derived from the demand for the products it is used to produce.
B. determined by the demand for consumer products.
C. determined by the price of consumer products.
D. All of these
Answer: D
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The equilibrium real interest rate in Belgium will be
A) generally above the world real interest rate. B) generally below the world real interest rate. C) equal to the world real interest rate. D) determined by the equilibrium between desired domestic saving and desired domestic investment.
The presence of large sunk costs often serves as a naturally imposed barrier to entry
a. True b. False Indicate whether the statement is true or false
Which of the following concepts is most helpful in explaining why investment increases when the interest rate falls?
a. deadweight loss b. present value c. economic growth d. financial intermediation
In Democracy in America, Alexis de Tocqueville argued that
What will be an ideal response?