Some economists in the 1950s predicted that the Soviet Union would continue to grow faster than the United States for decades to come because
A. in the 1950s, the Soviet Union was investing a very large amount in capital accumulation
B. in the 1950s, the Soviet Union was investing a very large amount in training its labor force
C. in the 1950s, the Soviet Union was investing a very large amount in acquiring knowledge capital
D. in the 1950s, the Soviet Union was investing a very large amount in acquiring new technologies
Answer: A. in the 1950s, the Soviet Union was investing a very large amount in capital accumulation
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Block pricing
A) is a form of nonlinear price discrimination. B) is pricing where one price is charged for the first block of units purchased, and different prices for subsequent blocks. C) can be either use increasing or decreasing prices for blocks purchased. D) All of the above.
Peruvian economist Hernando de Soto claims the ___________ in Latin America results in "dead capital."
A. weak titling system B. strong titling system C. general lack of strong national defense D. generally weak currencies
Increases in the overall price level:
A. increases people's dollar-denominated wealth. B. generally has no effect on spending. C. result in people reducing their consumption. D. result in people increasing their consumption.
Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies. 
A. D; C B. B; C C. B; A D. D; B