If capital deepening increases from $100 to $150 and this increase results in worker's productivity increasing from $60 to $70, and if there were 100 workers, then GDP is
a. $10,500
b. $6,000
c. $1,500
d. $7,000
e. $1,000
D
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If monetary policy can influence ________ prices and conditions in ________ markets, then it can affect spending through channels other than the traditional interest-rate channel
A) asset; labor B) asset; credit C) commodity; labor D) commodity; credit
The U.S. interstate system was begun under ________
A) President Franklin Delano Roosevelt in 1933 as part of the New Deal B) President Herbert Hoover in 1923 C) President Dwight D. Eisenhower in 1956 D) President George W. Bush in 2002 after the 9/11 attacks
The environmental approach found in the Clean Air Act of 1990 is:
a. marketable pollution permits. b. price caps. c. command-and-control regulation. d. a thousand points of light.
Table 10.1 shows the cash flows and discounted cash flows for three mutually exclusive projects available to a company. Assume an interest rate of 5%. Which project has the highest internal rate of return?
A. Project A
B. Project B
C. Project C
D. It cannot be determined from the information given.