Productivity growth in the labor-intensive service sector tends to lag behind manufacturing productivity growth. This phenomenon has become known as _______________.
Fill in the blank(s) with the appropriate word(s).
"Baumol's Disease"
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In which of the following situations would it be the most difficult to keep the water in a river flowing?
A) as it passes from one city to another city in the same county B) as it passes from one county to another county in the same state C) as it passes from one state to another state in the same country D) as it passes from one country to another country
Suppose $1 billion is available in the budget and Congress is considering allocating the funds to one of the following three alternatives:
a. subsidies for education b. research on Alzheimer's c. increased border security If voters prefer a to b and b to c, then if preferences are transitive A) they should prefer c to a. B) they should prefer a to c. C) they should be indifferent between a and c. D) it is not always possible to rank voters' preferences between a and c.
A decrease in the riskiness of corporate bonds will ________ the yield on corporate bonds and ________ the yield on Treasury securities, everything else held constant
A) increase; increase B) decrease; decrease C) increase; decrease D) decrease; increase
Everything else held constant, a decrease in wealth
A) increases the demand for stocks. B) increases the demand for bonds. C) reduces the demand for silver. D) increases the demand for gold.