Kaleo’s government is working to protect forest lands and thereby preserve the health of its nation’s watersheds. What is Kaleo’s government investing in?
a. physical capital
b. technology
c. natural resources
d. human capital
c. natural resources
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If the nominal interest rate is 8.25% and inflation rate is 3%, the real interest rate is ________
A) 5.25% B) 2.75% C) 1.25% D) 11.25%
Using the SSNIP test, if two firms merge and the result is that the new, merged firm can raise the price of its product by ________ percent for ________ year(s), then the product the merged firm produces represents a market.
A) one; five B) five; five C) five; one D) one; one
When budget deficits during recessions are covered by budget surpluses during expansions, it is called: a. an annually balanced budget. b. a cyclically balanced budget. c. crowding out
d. crowding in. e. a biennial balanced budget.
Externalities affect only the buyer and seller involved in an exchange.
Answer the following statement true (T) or false (F)