For the U.S. economy, on an average:
A) growth resulting from technology is greater than the growth resulting from human capital.
B) growth resulting from technology is smaller than the growth resulting from physical capital.
C) growth resulting from technology equal to the growth resulting from physical capital.
D) growth resulting from technology equal to the growth resulting from human capital.
A
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How does the original, simplified Keynesian model compare with modern Keynesian analysis?
A) The original Keynesian model assumed price flexibility whereas the modern analysis does not. B) In both cases, the short-run aggregate supply curve (SRAS) is horizontal. C) Modern analysis shows an upward sloping SRAS to reflect some price flexibility. The original Keynesian model's SRAS is horizontal and assumes sticky prices. D) all of the above
The maximum contaminant level (MCL) for a drinking water contaminant
a. is not enforceable b. is set using benefit-cost analysis since the enactment of the 1996 SDWA amendments c. is solely benefit based like the maximum contaminant level goals (MCLGs) d. is set to maximize the total social benefits (TSB) of abating that contaminant
Differences in inflation rates between two countries can explain:
A. short-run changes in the exchange rate but not long-run changes. B. changes in the real exchange rate over the long run, but not changes in the nominal exchange rate. C. changes in the exchange rate in both the short run and the long run. D. long-run changes in the exchange rate but not short-run changes.
What type of policies did Adam Smith attack in his book, An Inquiry into the Nature and Causes of the Wealth of Nations?
What will be an ideal response?