The country of Yipi can raise its productivity by investing more in
a. both human and physical capital
b. human capital only
c. physical capital only
d. stable foreign economies
e. stocks and bonds
A
You might also like to view...
Refer to the figure above, which shows a country's possible production possibility frontiers and indifference curves. If the country is producing at ________, then moving to ________ will cause utility to ________
A) point c; point b; remain unchanged B) point a; point b; increase C) point c; point b; increase D) point c; point b; decrease E) point a; point c; remain unchanged
The long-run price elasticity of demand is usually larger than the short-run price elasticity of demand because:
a. demand curves tend to become steeper over time. b. economists take the absolute value of long-run price elasticities but not of short-run elasticities. c. people have more time to find substitute goods. d. incomes tend to rise over time. e. supply curves change over time.
Because the seller of a used car has more information than the buyer:
A. the problem of bargaining imbalance occurs. B. the problem of adverse selection occurs. C. the problem of information overload occurs. D. the problem of moral hazard occurs.
Refer to Table 3-2. The table above shows the demand schedules for cashews of two individuals (Jordy and Amy) and the rest of the market. If the price of cashews rises from $4 to $6, the market quantity demanded would
A) decrease by 39 lbs. B) increase by 33 lbs. C) decrease by 33 lbs. D) increase by 39 lbs.