Which one of the following statements is TRUE of the Consumer Price Index?
A) It does not take account of the price of imported goods and services.
B) It does not take into account the price of used goods.
C) It understates the true rate of inflation.
D) It measures changes in prices of a fixed basket of goods.
D
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________ decreases a firm's capital stock, and ________ increases its capital stock
A) Saving; depreciation B) Depreciation; investment C) Time; depreciation D) Saving; investment E) Investment; saving
In the neoclassical growth theory, differences in per capita income are determined by differences in the
A) saving rate. B) population growth rate. C) depreciation rate. D) all of the above.
Describe the difference in market structure between monopoly and oligopoly
What will be an ideal response?
A major difference between social insurance and welfare is that social insurance:
A. exclusively involves older Americans whereas welfare is confined mainly to mothers with young children. B. forces recipients to demonstrate need while welfare does not. C. is normally financed by earmarked payroll taxes while welfare is financed out of general tax revenues. D. provides cash transfers while welfare does not.