Recall the Application about the role of megacities in economic growth to answer the following question(s).According to the Application, which country has more cities with a population greater than 5 million?
A. South Korea
B. The United States
C. China
D. Japan
Answer: C
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According to the production possibilities model, if more resources are allocated to the production of physical and human capital, then which of the following is likely to happen?
A) The country's total production will fall. B) The production possibilities frontier will shift inward in the future. C) Fewer goods will be produced for consumption today. D) Future economic growth will decline.
Key influences on the valuation of economic profits include ________
A) the average level of the prices of goods and services sold B) the rental price of capital C) the wage rate D) all of the above E) none of the above
Refer to Scenario 17.3. Moral hazard would be eliminated in this situation if
A) the insurer would always charge $300. B) the insurer would always charge $6000. C) the insurer could costlessly monitor whether a fire prevention program has been implemented, and adjust the premium upward if it is not. D) the insurer could costlessly monitor whether a fire prevention program has been implemented, and adjust the premium downward if it is not. E) the fire did not occur.
One can invest in a pool of mortgages by buying
A) long term bonds. B) mortgage backed securities. C) penny stocks. D) stocks with a beta of less than one.