A key idea of the new growth theory is that
A) technology is not an important determinant of economic growth.
B) economic growth is not as important as leisure time growth.
C) the greater the rewards for technological advances, the greater the number of technological advances.
D) the rewards associated with technological advances have little to do with the actual rate of invention or innovation.
C
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According to the text, approximately what percentage of U.S. net public debt is held by foreign residents?
A) 50% B) 20% C) 90% D) 800%
Wealth inequality persists across generations due, in part, to assortative mating
Indicate whether the statement is true or false
The above figure shows the market for steel ingots. What is the change in consumer surplus if the market switches from competitive equilibrium to social optimum?
A) $625 B) $1250 C) $1875 D) $2500
African-American worker Jackson earns $30,000 per year; white worker Johnson earns $40,000 per year. On the basis of this information we can conclude that:
A. it is not clear whether discrimination is present in this situation. B. there are no discriminatory forces at work in the labor market. C. Jackson is being discriminated against, but the dollar amount is unclear. D. Jackson is being discriminated against in the amount of $10,000 per year.