Gold is
a. not a resource in the economy
b. an example of a renewable resource for the economy
c. an example of a nonrenewable resource for the economy
d. part of the capital resources of the economy
e. part of the entrepreneurial resources of the economy
C
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In the above figure, if the interest rate is 3 percent per year, the quantity of money demanded is
A) greater than the quantity of money supplied, and the demand for money curve will shift. B) greater than the quantity of money supplied, and the supply of money curve will shift. C) less than the quantity of money supplied, and the demand for money curve will shift. D) greater than the quantity of money supplied, and the interest rate will change. E) less than the quantity of money supplied, and the interest rate will change.
Joann has just lost her job because her company was faced with more foreign competition and decided to restructure, which reduced the number of jobs at the company. Joann is
A) cyclically unemployed. B) internationally unemployed. C) structurally unemployed. D) transported unemployed. E) frictionally unemployed.
Jim recently graduated from college. His income increased dramatically;from$5000 a year to $60,000 a year. Jim decides that instead of using the bus, he would buy a car. This implies that
a. The car is a normal goods for Jim b. The car is an inferior goods for Jim c. The bus and the car are complementary for Jim d. Need information on the price of cars
Increases in ___________ capital can lead to greater rates of economic growth. These come about by increased? education, on-the-job? training, and? self-teaching.
Fill in the blank(s) with the appropriate word(s).