Which of the following does NOT increase labor productivity?
A) increases in aggregate hours
B) physical capital growth
C) human capital growth
D) technological advances
A
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Which of the following is not included in personal consumption?
A. Purchases of new construction by consumers B. Payments for cable and Internet services to homes C. New furniture and appliances bought by homeowners D. Food purchased at supermarkets
High interest rates might cause a corporation to ________ building a new plant that would provide more jobs
A) complete B) consider C) postpone D) contemplate
The appropriate monetary policy response to a situation with deficient financial liquidity
A) an open market sale of government bonds. B) to do nothing. C) an open market purchase of government bonds. D) to increase reserve requirements.
Dana is an art historian who needs to travel to Italy to do research. Art historians usually don't have a lot of money, and therefore are very sensitive to price changes. If the price of the hotel she is staying in decreases from 150 euros per night to 100 euros per night, Dana will increase the length of her stay from 20 days to 40 days. What is Dana's price elasticity of demand for nights spent
in Italy? a. 0.5 b. 6 c. 2 d. 0.667 e. 1.5