Which of the following is not a common resource?
a. clean air
b. clean water
c. open grazing land
d. national defense
d
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Over the post-war era, poorer countries grew
A) faster. B) slower. C) stayed the same. D) grew faster, then grew slower. E) No general tendency can be found.
The basic incentive problem associated with internal transfers is that:
A. divisional managers have only public information about opportunity costs. B. divisional managers have private information about opportunity costs. C. senior management make all information about opportunity costs public. D. senior management have private information about opportunity costs.
The impact of fiscal stimulus on aggregate demand includes both new government spending and all subsequent induced increases in consumer spending triggered by the initial government outlays.
Answer the following statement true (T) or false (F)
Refer to the above table. When the quantity of labor equals 2, what does the average product equal?
A. 26 B. 46 C. 23 D. 92