Which of the following is most likely to be a major source of growth in per capita GDP
What will be an ideal response?
a high investment/GDP ratio
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If the market clearing price of computer tablets falls from $400 to $300, and the market clearing output increases from 5 million to 7 million units,
A) demand decreased and supply remained unchanged. B) supply increased and demand remained unchanged. C) demand increased and supply remained unchanged. D) supply decreased and demand remained unchanged.
Refer to Scenario 13.16. If the firms must choose their prices simultaneously,
A) both firms will buy gelato. B) both firms will buy yogurt. C) two pure strategy equilibria exist, one in which Gooi alone buys a gelato machine and one in which Ici alone buys a gelato machine. D) the game has no pure strategy equilibrium. E) the game has no mixed strategy equilibrium.
Which of the following is the best example of a command-and-control regulation?
A. Effluent taxes on pollutants. B. Emissions trading. C. Requiring automobiles to have catalytic converters. D. Offset programs.
New growth theory supports the idea thatI.economic growth can continue as long as we keep finding new ideas.II.increases in human capital can lead to greater rates of economic growth.
A. I only B. II only C. Both I and II D. Neither I nor II