Which of the following is most likely to be able to sustain economic growth in an economy?
A) increases in capital per hour worked
B) technological change
C) sustained increases in the labor force participation rate
D) accumulations of economic resources
B
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The laissez-faire free-market system is
a. an ideal of perfection. b. one that leaves no room for improvement. c. unmatched by any other system for allocative efficiency. d. All of the above are correct.
Government regulators might suspect a firm of engaging in predatory pricing if it charges prices that seem to be too __________
Fill in the blank(s) with correct word
A ______ economy is an economy where government and the private sector together determine the allocation of resources.
a. traditional b. command c. mixed d. market
In Macroland, autonomous consumption equals 100, the marginal propensity to consume equals 0.75, net taxes are fixed at 40, planned investment is fixed at 50, government purchases are fixed at 150, and net exports are fixed at 20. The vertical intercept of the expenditure line is:
A. 0.25. B. 320. C. 290. D. 0.75.