Compared to the developing economies, the advanced economies have ________ human capital and ________ physical capital
A) more; more
B) more; less
C) the same; the same
D) less; more
E) less; less
A
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By fixing the mint price of gold among commercial nations under the Gold Standard, the exchange rate risk falls significantly, thus encouraging trade
Indicate whether the statement is true or false
Market demand curves may slope downward even if some individual demand curves do not because
a. the law of demand requires that this is true. b. lower prices may bring more purchasers into the market. c. merchants try to sell more at lower prices. d. people believe expensive goods are better goods.
Suppose a nation reduced taxes by $20 billion. The direct change in the monetary base would be:
a. Equal to +$20 billion because the government pumps new money into the economy when it lowers taxes. b. Greater than +$20 billion because the M2 money multiplier would inflate the $20 billion of new monetary base. c. Equal to $0. d. Equal to $20 billion times the reserve ratio on checking accounts. e. Less than $20 billion because some of the newly created funds would leak into the system in the form of currency in circulation.
An individual faces two alternatives for an investment. Asset 'A' has the following probability of return schedule:Probability of returnReturn (Yield) %.2515.0.2012.0.2010.0.159.0.107.5.100.0Asset 'B' has a certain return of 10.25%. If this individual selects asset 'A' does it imply she is risk averse? Explain.
What will be an ideal response?