According to the new growth theory, ________ is the factor that motivates technological change
A) diminishing returns
B) random chance
C) decisions about how much human capital to acquire
D) profit
E) the replication of activities
D
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If private property rights were established in the oceans, there would probably be
A. more ocean pollution. B. less ocean pollution. C. the same amount of ocean pollution that exists without private property rights in the ocean. D. more ocean voyages on cruise ships.
As the general price level in an economy rises, the aggregate quantity demanded of goods and services falls because
a. the prices of domestic goods have risen relative to foreign goods, causing exports to fall and imports to rise. b. higher interest rates caused by an increase in the demand for money balances causes a reduction in current investment and consumption. c. the value of money will fall, reducing the real wealth and, thus, the consumption of persons holding money balances. d. all of the above are correct.
If a firm manager has a base salary of $50,000 and also gets 2 percent of all profits, how much will his/her income be if revenues are $8,000,000 and profits are $2,000,000?
A. $90,000 B. $210,000 C. $250,000 D. $150,000
Which of the following are risks for multinational corporations but not risks for domestic corporations?
A) changes in government rules and regulations B) capital controls C) changes in tax laws D) government red tape and corruption