For the Cobb-Douglas production function F(L,K) = AL?K?, a factor-neutral technical change would be represented by:
A. an increase in the value of ?.
B. an increase in the value of ?.
C. values of ? and ? for which ? + ? = 1.
D. an increase in the value of A.
D. an increase in the value of A.
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Which of the following is a permanent member of the Federal Open Market Committee?
A) President of the New York Federal Reserve Bank B) President of the Washington, D.C. Federal Reserve Bank C) Comptroller of the Currency D) Secretary of the Treasury
An increase in the per unit costs of production within an economy will cause the aggregate supply curve to shift to the right
a. True b. False Indicate whether the statement is true or false
The general view of the governments of middle- and low-income countries such as Brazil, Nigeria, India, and China is that environmental protection is
a. a necessity. b. illegal. c. a luxury. d. undemocratic.
The main component of the monetary union created by the Treaty of Maastricht is a(n)
a. single currency. b. gold standard. c. bilateral barter system of currencies. d. unified stock market.