Neoclassical growth theory attributes economic growth to
A) technological change.
B) fiscal policy.
C) the law of diminishing returns.
D) increasing population growth.
A
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The development of new financial securities or investment strategies using sophisticated models is known as
A) underwriting. B) factoring. C) financial engineering. D) hedging.
Refer to the above figure. If government sets the maximum legal price of gasoline at $2 per gallon, then the $2 limit acts as
A) a price floor. B) a price ceiling. C) an equilibrium price. D) a just price.
How much the demand for one good changes in response to a change in the price of a different good is measured by:
A. price elasticity of supply. B. price elasticity of demand. C. income elasticity. D. cross-price elasticity.
Which of the following is not a coincident indicator?
a. Personal income. b. Industrial production. c. Manufacturing and trade sales. d. All of these.