Solow's theory of economic growth concludes, "the possibility of steady growth would be a miraculous stroke of luck" because
A) the three "determinants," s, (Y/K) and n are caused by different unrelated behavior.
B) s reflects temporal consumption preferences.
C) d reflects unrelated depreciation.
D) n reflects birth control decisions.
A
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A typical firm in the US economy would be classified as
a. perfectly competitive. b. imperfectly competitive. c. a duopolist. d. an oligopolist.
The U.S. Environmental Protection Agency estimated that communities that use the “pay-as-you-throw” program generate almost 50 percent less waste than communities where fixed fees or taxes cover the cost of curbside trash pickup.
Answer the following statement true (T) or false (F)
Basket of goods A is on an indifference curve that lies further from the origin than basket B. From this we know that
A. the satisfaction from consuming A is more than the satisfaction from consuming B. B. all other consumers would also rank B above A. C. the marginal utility from consuming A is more than the marginal utility from consuming B. D. the prices of the goods in A are more than the prices of the goods in B.
Which of the following is not a factor which would be relevant to country risk analysis?
A) political uncertainty B) external debt C) economic growth D) none of the above.