Which of the following does not hinder economic development?
a. low birth rates
b. low saving
c. lack of infrastructure
d. low levels of technology
e. the importance of tradition
A
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The interest rate on a bond is calculated as
A) the coupon times the face value. B) the coupon divided by the face value. C) the face value divided by the coupon plus the face value. D) the face value divided by the coupon.
The one characteristic that is not associated with a pure public good is
a. consumption of the good by one person doesn't prevent its consumption by others b. the market produces less than the socially optimal quantity c. no one can be excluded from consuming the good d. the good can only be produced by the government e. that even if one consumes more of it, there is still the same amount for others to consume
From mid-year 2006 to year-end 2008, housing prices
a. fell by approximately 30 percent, leading to a sharp reduction in aggregate demand. b. increased by approximately 30 percent leading to a sharp increase in aggregate demand. c. declined by a smaller about than in previous recessions. d. were unchanged, but a sharp decline in stock prices reduced aggregate demand.
The consumption function shows which of the following relationships in the economy?
a. The relation between consumption and saving, other things constant b. The relation between consumption and income, other things constant c. The relation between disposable income and taxes, other things constant d. The relation between saving and expenditure, other things constant