The equation, ?Y/Y = ?A/A + aK?K/K + aN?N/N, is known as
A) the production function.
B) the Solow model.
C) the productivity formula.
D) the growth accounting equation.
D
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Using the information in the above table, the value of M2 is
A) $3,600. B) $3,500. C) $5,500. D) $4,500.
The figure above illustrates the marginal benefit and marginal cost of different quantities of national defense. What is the political equilibrium if voters are well informed?
A) 0 units B) between 0 and 3 units C) 3 units D) 5 units
For a commodity to function effectively as money it must be
A) easily standardized, making it easy to ascertain its value. B) difficult to make change. C) deteriorate quickly so that its supply does not become too large. D) hard to carry around.
The IO Economics perspective locates the source of competitive advantage for a firm at the
a. Individual firm level b. Industry level c. Customer Level d. None of the above