In a steady-state, sustained increases in the capital-to-labor ratio are only possible if
a. the savings rate increases.
b. population growth decreases.
c. depreciation decreases.
d. technology increases.
e. all of the above.
D
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If an economist claims there are substitutes for fossil fuels, she is really saying
A) fossil fuels don't have to be economized. B) fossil fuels aren't scarce goods. C) fossil fuels aren't important. D) fossil fuels are used, and maintained, only at a cost. E) economists don't care for fossil fuels.
Suppose the government borrows to purchase military ammunition which is immediately used up in target practice. The rate of return on this investment is ________, and in this case the government debt ________ a burden on future taxpayers
A) r, is not B) r, is C) 0, is not D) -r, is not E) -r, is
What is a multilateral trade pact? Discuss the first one that was formed and what its impact has been.
What will be an ideal response?
A good is excludable if
a. one person's use of the good diminishes another person's enjoyment of it. b. the government can regulate its availability. c. it is not a normal good. d. people can be prevented from using it.