An equal increase in all bond interest rates
A) increases the return to all bond maturities by an equal amount.
B) decreases the return to all bond maturities by an equal amount.
C) has no effect on the returns to bonds.
D) decreases long-term bond returns more than short-term bond returns.
D
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Suppose y = Ak1/3, the capital-labor ratio is $30,000 per worker, the level of total factor productivity is 400, 50% of the population works, and there are 50 million workers. Real GDP per capita is
A) $4,930.85. B) $6,212.33. C) $7,765.41. D) $9,033.96.
Allocative efficiency involves which of the following?
a. Producing the optimal quantity of some output for a society b. Selling the minimum number of goods that a society demands c. Selling the most amount of goods at the highest sustainable price d. Producing at a level that maximizes profits and minimizes costs
A monopolist can earn a positive economic profit, even in the long run
a. True b. False Indicate whether the statement is true or false
A nation can increase its production possibilities by:
A. shifting resources from investment good production to consumer good production. B. shifting resources from private goods to public goods. C. reducing international trade. D. improving labor productivity.