What characteristic do both human and physical capital share?
A) Both are controlled by the government.
B) Current costs are incurred for future benefits.
C) The use of both exhibits rivalry.
D) They can easily be transferred to new ownership.
B
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In 2014, the price of peanuts was rising, which lead peanut butter sellers to expect the price of peanut butter would rise in the future
Consequently, in the current market for peanut butter there was ________ which resulted in ________ in the price of peanut butter and ________ in the quantity of peanut butter. A) an increase in demand for peanut butter; an increase; an increase B) an increase in supply of peanut butter; a decrease; an increase C) a decrease in demand for peanut butter; a decrease; a decrease D) a decrease in supply of peanut butter; an increase; a decrease
Real GDP is ________ determined in the classical model and ________ determined in the Keynesian model
A) supply; supply B) supply; demand C) demand; supply D) demand; demand
Consider the game between the teens from the previous question. In addition to any pure-strategy Nash equilibrium, there is another one in mixed strategies. In it, each teen chooses to declare with probability
a. 0.52 b. 0.5 c. 0.34 d. 0.1
One major criticism of giving foreign aid to developing countries is:
A. there is little to no accountability once the funds have been dispensed. B. the recipients of aid oftentimes have nebulous goals that are not measurable. C. much of the money may be embezzled or otherwise funneled away from its intended recipient. D. All of these are major criticisms of foreign aid.