Growth in well-being tends to be understated by growth in real GDP because of increases in leisure time.
a. true
b. false
Answer: a. true
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The table above shows the balance sheet for Ralph's Bank. If the desired reserve ratio is 15 percent, Ralph's Bank has desired reserves of ________
A) $375 B) $2,500 C) $500 D) $450
The figure above shows the market for milk in Cowland. If a subsidy paid to producers of $1 per gallon of milk is introduced, what is the amount, including the subsidy, that suppliers keep per gallon?
A) $3.00 a gallon B) between $3.00 and $4.00 per gallon C) $4.00 a gallon D) between $4.00 and $5.00 per gallon
What has been the most significant obstacle to progress in the Doha Round?
What will be an ideal response?
Which of the following will raise the expected marginal product of capital?
A) a reduction in the interest rate B) increased business optimism C) an investment tax credit D) a reduction in the corporate profits tax