Which of the following would you expect to result in faster economic growth?
A) a decrease in research and development spending
B) a decrease in the stock of capital per worker
C) a decrease in the average level of education in the economy
D) the invention of new computers that increase labor productivity
D
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In perfect competition
a. the demand curve facing the firm is a horizontal line at the market price b. marginal revenue equals total revenue c. total revenue always exceeds variable cost d. price always exceeds average total cost e. marginal cost always equals average cost
The U.N.'s Millennium Aid Goal focuses on aid in the form of
A. A loan from the United Nations. B. Money from rich donor countries. C. Money from nongovernmental organizations. D. Redistributions within poor countries.
A country’s level of well-being is determined primarily by its level of
A. population growth. B. educational attainment. C. capital stock growth. D. natural resource growth.
Which of the following is NOT a function of the Fed?
A. supervising member banks B. regulating the money supply C. holding reserves for depository institutions D. determining the credit-worthiness of firms and individuals