New growth theory holds technology to be __________; neoclassical growth theory holds technology to be __________
A) exogenous; endogenous
B) endogenous; endogenous
C) endogenous; exogenous
D) exogenous; exogenous
C
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A large country imposes capital controls that prohibit foreign borrowing and lending by domestic residents. The country is currently running a financial account deficit. The imposition of the capital controls will cause
A) net exports to increase. B) real domestic interest rates to rise. C) real world interest rates to fall. D) desired national saving to fall.
Which of the following pairs of goods would most likely exhibit a cross price elasticity of 2.2?
a. hamburgers and fries b. peanut butter and jelly c. butter and margarine d. tennis balls and tennis rackets
Which of the following would shift a market labor supply curve to the left?
a. an increase in the wage paid to workers in a competing market b. labor-saving technology c. a change in worker tastes so that workers want to retire later d. an increase in immigration
If resources are freely mobile and the nonmonetary benefits of supplying resources to alternative uses are identical, resources adjust across uses until they earn the same in different uses
Indicate whether the statement is true or false