Which of the following factors causes economic growth?
a. a decline in capital goods production
b. a loss of resources
c. the production of more scarce goods
d. a technological improvement
e. the production of more consumer goods
D
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All of the following are barriers to international investment EXCEPT
A) adverse selection. B) incomplete information. C) moral hazard. D) symmetric information.
Daryn earns a higher salary than his friend Nick because Daryn is willing to work on the loading dock, whereas Nick prefers to work in an air-conditioned office. The difference in salary could illustrate a compensating differential
a. True b. False Indicate whether the statement is true or false
To a bank, reserves are classified as
A) an asset. B) a liability. C) equity D) a liability or an asset
The change in total costs due to a one-unit change in the production rate is
A) total fixed cost. B) total variable cost. C) marginal cost. D) average total cost.