If $1000 was deposited in a bank and the reserve requirement is 0.20, how much is available for loans?
A) $900
B) $910
C) $800
D) $930
C
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The Coase Theorem works best when who owns the property rights?
A. consumers B. government C. does not matter D. producers
An economy with population 500 million has a research and development productivity of 0.0005, and its output per person has risen from one period to the next along its balanced growth path from 350 to 362.5
The fraction of this economy's population engaged in research and development is ________. A) 14% B) 2.5% C) 3.6% D) 10 %
When imports of goods exceed exports of goods, the financial account shows a deficit
a. True b. False Indicate whether the statement is true or false
Ten years ago, Veronica’s country went through a recession. Many people struggled to get by. The economy has since recovered, but many people are reluctant to spend much of their income, preferring to save as much as possible in case bad economic times return. What impact will this have on economic growth?
a. It will have little impact on growth. b. It will slow economic growth. c. It will boost economic growth. d. It will slow growth in the long term but boost it in the short term.