If the capital-labor ratio equals 1.5 in the steady state, depreciation equals 20, and dilution equals 10, investment per worker equals
A) 15.
B) 20.
C) 30.
D) 45.
D
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In order for a cap-and-trade system to work, it must be that pollution permits are bought by producing firms -- and not given to them as part of an attempt to prevent them to lobby against the cap-and-trade system
Answer the following statement true (T) or false (F)
Financial markets quickly eliminate unexploited profit opportunities through changes in
A) dividend payments. B) tax laws. C) asset prices. D) monetary policy.
Weakly dependent processes are said to be integrated of order zero.
Answer the following statement true (T) or false (F)
Prices for airline tickets change on average about once per month. This would suggest that airline ticket prices are:
A. stuck. B. determined in a highly competitive market. C. relatively sticky. D. relatively flexible.