In what year did the technology stock bubble burst?
a. 2000
b. 2006
c. 2007
d. 2008
a
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The principle of compound interest insures that
A) a small difference in the per capita GDP between countries in one year will grow to a large difference in the long run. B) a small difference in the per capita GDP growth rate between countries in one year will grow to a large difference in the long run. C) U.S. interests are compounded by the interests of Great Britain and Germany. D) U.S. interests are compounded by the interests of all other countries.
A positional externality:
A. results in under investment in performance enhancement. B. arises in situations in which rewards depend on relative performance. C. only occurs in sports. D. arises in situations in which rewards depend on absolute performance.
When there is a recessionary gap, capital and labor resources are:
A. not being fully utilized. B. misallocated. C. decreasing in number. D. producing beyond their capacity.
Refer to the information provided in Figure 3.7 below to answer the following question(s).
?Figure 3.7Refer to Figure 3.7. A movement from Point A to Point B on demand curve D2 would be caused by a(n)
A. increase in the price of pizza. B. decrease in income, assuming pizza is a normal good. C. decrease in the price of burritos, assuming that pizza and burritos are substitutes. D. decrease in the price of pizza.