Estimations calculated using the rule of 70:
A. are simple to use, but make it difficult to see the relationship between growth rate and income over time.
B. make it easier to appreciate how big differences in growth rates are needed to create any real difference in income over time.
C. make it easier to appreciate how small differences in growth rates can add up to huge differences in income over time.
D. are simple to use, but give estimates that have been proven wrong in recent decades.
Answer: C
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If the marginal external cost of building a children's playground equals zero, then the i. marginal private cost equals the marginal social cost. ii. marginal social cost equals zero. iii. marginal private cost equals zero
A) i only B) ii only C) iii only D) ii and iii E) i and ii
The countries that have made the least use of securities markets are ________ and ________; in these two countries finance from financial intermediaries has been almost ten times greater than that from securities markets
A) Germany; Japan B) Germany; Great Britain C) Great Britain; Canada D) Canada; Japan
Even with market power, monopolists cannot achieve any level of profit they desire because they will sell lower quantities at higher prices
a. True b. False Indicate whether the statement is true or false
Industrial policies are:
A. government investments in certain industries to encourage growth in those industries. B. favorable tax policies to encourage private domestic investment in certain industries. C. favorable trade policies to encourage private investment in certain industries. D. All of these are true.