Extensive growth is driven by
A) very high savings rates.
B) rapid capital accumulation.
C) improved multifactor productivity.
D) A and B.
E) all of the above.
D
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The presence of deposit insurance in the savings and loan industry
A) created an adverse selection problem because good S&Ls were forced out of the market. B) solved its own adverse selection problem because it pushed badly managed S&Ls out of the market. C) contributed to "depositor moral hazard" but did not involve a moral hazard problem with owners. D) contributed to "moral hazard by owners" but did not involve a moral hazard problem with depositors. E) contributed to both "depositor moral hazard" and "moral hazard by owners."
Table 30.1Number of workers (per hour)Total output (per hour)Marginal physical product (output per worker)Total revenue (dollars per hour)Marginal revenue product (dollars per hour worker)14---________---210________________________315________________________419________________________522________________________Assume that the product price is $4 per unit and that the hourly wage for workers is $12. Neither price nor wage changes with output. In Table 30.1, how many workers should be hired?
A. 3. B. 2. C. 4. D. 5.
The SWOT matrix includes what four components?
A. Strengths, weaknesses, opportunities, threats B. Situations, weaknesses, opportunities, threats C. Strengths, weaknesses, obstacles, threats D. Situations, weaknesses, observations, threats
Firms who engage in price discrimination usually make the same amount of money as they would if they charged one price.
Answer the following statement true (T) or false (F)