In the Solow model, which of the following is an endogenous variable?
A) output per worker
B) government spending
C) the saving rate
D) the depreciation rate
A
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Use the following table to answer the question below.Jake's Production Possibilities ScheduleJane's Production Possibilities SchedulePounds of Green BeansPounds of CornPounds of Green BeansPounds of Corn01600801012020602080404030406020400800Without trade, Jake consumes 20 pounds of green beans and 80 pounds of corn, and Jane consumes 40 pounds of green beans and 40 pounds of corn. If the terms of trade are 1 pound of green beans for 3 pounds of corn, and Jake sells Jane 72 pounds of corn after specialization, then Jane consumes ________ pounds of green beans and ________ pounds of corn.
A. 56, 72 B. 88, 24 C. 72, 56 D. 24, 88
The factors of production include
A) capital. B) investment. C) transfers. D) wages.
In constructing the planned autonomous demand schedule, which two components are assumed to depend on the interest rate?
A) government expenditures and net exports B) government expenditures and net taxes C) autonomous consumption and autonomous planned investment D) autonomous consumption and net exports E) government expenditure and autonomous planned investment
How does a dominant firm try to prevent new competitors from entering the oligopoly market?