For this question assume that technological progress does not occur. The rate of saving in Canada has generally been greater than the saving rate in the U.S. Given this information, we know that in the long run
A) Canada's growth rate will be greater than the U.S. growth rate.
B) investment per worker in Canada will be no different than U.S. investment per worker.
C) capital per worker in Canada will be no different than U.S. capital per worker.
D) all of the above
E) none of the above
E
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Which of the following is ALWAYS true regarding a profit maximizing monopolistically competitive firm in short-run equilibrium?
A) P = ATC. B) P = MR. C) MR = MC. D) MC = ATC.
As we approach total pollution abatement
A) the marginal benefit to society declines. B) the marginal benefit to society increases. C) the marginal benefit to society increases, but at a decreasing rate. D) the marginal cost to society declines.
The market for medical care relies primarily on:
a. For profit providers. b. Not for profit providers. c. Co-ops. d. Hospitals. e. The substitution effect.
Changes in business inventories are counted as part of gross private domestic investment
Indicate whether the statement is true or false