Endogenous growth theory is about
A) welfare of indigenous people.
B) explaining growth.
C) studying education.
D) studying fertility choices.
B
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Suppose the nominal exchange rate — Canadian dollar per Brazilian real — is constant
If the price level in Brazil rises by four percent, while the price level in Canada rises by eight percent, then the real exchange rate — Brazilian goods for Canadian goods — has ________ by ________ percent. A) declined; one-half B) risen; one-half C) risen; two D) declined; four
Externalities between two firms can be "internalized" if: I. The two firms merge. II. Bargaining costs are zero. III. The externalities affect each firm equally. IV. Marginal costs for both firms are constant. Which statement(s) correctly complete the sentence?
a. Only II b. All except III c. I and II, but not III and IV d. I and IV, but not II and III
In a monopoly, price is less than marginal revenue
Indicate whether the statement is true or false
More recently, the velocity of money was:
A. lower during the housing boom and higher during the recession that followed. B. higher during the housing boom and lower during the recession that followed. C. consistently lower than the historical trend since the early 1990s. D. consistently higher than the historical trend since the mid-1980s.