A well-functioning market will have high monetary costs applied to high opportunity costs
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following statements is true of optimization?
A) Optimization analysis only relates to the financial budget of an economic agent. B) Individuals who optimize do not consider costs when choosing the most feasible alternative. C) Economic agents can optimize only when they are able to perfectly estimate all future costs and benefits. D) Economic agents who optimize attempt to choose the best feasible option, given the information that they have.
If the nominal expected return on foreign assets is higher than on dollar assets ________
A) foreigners will want to hold additional dollar assets B) Americans will want to hold additional dollar assets C) foreigners will want to hold fewer foreign assets D) foreigners will want to hold additional foreign assets
Using the growth accounting equation, if the growth rate of technology is 3%, the growth of labor is 2% and the growth of capital is 1% then if α=0.75 then growth of output can be estimated to be:
A. 4.25%. B. 4.00%. C. 6.00%. D. 4.75%.
Spending on R&D among a group of firms is equally likely to increase or to decrease
a. True b. False Indicate whether the statement is true or false