A three-word synonym for the term ceteris paribus is
A) "nothing else changes."
B) "in my opinion."
C) "it is proved."
D) "under this assumption."
A
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The isoquants for inputs that are perfect substitutes for one another consist of a series of:
a. right angles b. parallel lines c. concentric circles d. right triangles e. none of the above
Under the old Soviet version of communism in the U.S.S.R., the questions of 'What?', 'How?', and 'For whom?' were answered by
A. a democratically elected congress called the Duma. B. the law of supply and demand. C. the decisions of hundreds of millions of individual consumers. D. a government planning committee.
In 2012, the imaginary nation of Dorados had a population of 8,000 and real GDP of 3,000,000 . During the year its real GDP grew by about 2.9%. Which of the following sets of growth rates is consistent with this growth in real GDP?
a. 2% population growth and 6% real GDP growth b. 6% population growth and 2% real GDP growth c. 4% population growth and 7% real GDP growth d. 7% population growth and 4% real GDP growth
Using the information in the above table, the value of M2 is
A. $4,600. B. $3,600. C. $3,800. D. $5,500.