According to supply-siders, an switch from consumption to savings by households will
a. lead to a permanent increase in output-per-worker.
b. lead to a temporary increase in output-per-worker.
c. lead to a decline in output-per-worker.
d. not change output-per-worker.
A
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Economic growth is measured by
A) increases in the population. B) increases in GDP. C) increases in per capita real GDP. D) increases in the value of the total output of society.
One of the most effective international cartels ever formed was in
a. steel b. iron c. wheat d. rubber e. oil
Policies that redistribute income
a. reduce the rewards of high-income earners. b. raise the rewards of low-income earners. c. reduce the incentive to earn high income. d. All of the above are correct.
In the early 1990s Intel produced a 486 microchip for personal computers that contained a math co-processor that increased its speed of performing calculations and other operations
After a time Intel decided to disable the coprocessor on large numbers of their chips before sending them out for shipment and sale. What could have been the motive of Intel to deliberately reduce the quality of some of its chips?