Professor Gordon posits that the best years of U.S. growth are behind us because of four "headwinds," which are:
a. lackluster growth and poverty
b. demographids and education
c. debt and inequality
d. a and b only
e. b and c only
e
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The ability to deter entry requires
A) a credible threat that if entry occurs the firm is willing to produce more than they would otherwise. B) a credible threat that if entry occurs the firm will not produce more than they would otherwise. C) a good lawyer. D) a clever accounting department.
Suppose you form a legal partnership with your best friend, and she purchases consulting services calling for a $100,000 fee. Your business is broke, and you never wanted the consultants to work for you -- only your partner did. For how much of this debt are you legally liable?
a. none of it b. all of the $100,000 c. the proportion reflected by the proportion of the business owned d. only an amount equal to the assets of the business e. $50,000
An increase in dividend payments will
A. lead to a decrease in labor supply. B. either lead to an increase or decrease in labor supply depending on the relative magnitude of the income and substitution effects. C. have no effect on labor supply. D. lead to an increase in labor supply.
Contractionary monetary policy
A. tends to lead to a depreciation of a nation's currency. B. usually has no effect on a currency's exchange value. C. tends to lead to an appreciation of the currencies of other nations. D. tends to lead to an appreciation of a nation's currency.