If a Cobb-Douglas production function has alpha = 0.34 and beta = 0.42, then a 1% increase in inputs results in a ________ change in output
A) 0.8%
B) 8%
C) 0.76%
D) -0.76%
A
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You are given the following information
Savings S = 150 Investment I = 100 Taxes T = 250 Government Purchases G = 500 Compute the level of private savings, public savings, national savings, and net exports.
If most people found the lifestyle of an assembly-line worker less desirable relative to that of persons in other professions, one would expect the return on the human capital investment of
a. assembly-line workers to be higher than that of persons in other professions. b. assembly-line workers to be lower than that of persons in other professions. c. assembly-line workers and that of persons in other professions to be nonetheless equal. d. both assembly-line workers and persons in other professions to be unaffected by the subjective preferences of investors.
The median voter model predicts that candidate will do all the following, except:
a. label his or her opponents ad extremists b. adjust his or her positions in response to polls c. speak in specific rather than general terms d. aim for a middle-of-the-road position
Bert put $75 into an account and one year later had $100 . What interest rate was paid on Bert's deposit?
a. 20 percent b. 25 percent c. 28 percent d. None of the above is correct.