Write an essay on the economic relationship of greatest concern for development between education and
(a) the level of growth,
(b) the character of growth,
(c) inequality,
(d) fertility,
(e) absolute poverty,
(f) international migration.
This question may be given as one long essay, or limited to one or more of the parts as a short essay. Discussed in the chapter.
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When leisure is an inferior good, the wage elasticity of labor supply is always positive.
Answer the following statement true (T) or false (F)
It does not make economic sense to maximize short run performance over long run performance
Indicate whether the statement is true or false
Which of the following is the most liquid store of purchasing power?
A. a dollar bill B. common stock C. gold D. real estate
More recently, the velocity of money was:
A. lower during the housing boom and higher during the recession that followed. B. higher during the housing boom and lower during the recession that followed. C. consistently lower than the historical trend since the early 1990s. D. consistently higher than the historical trend since the mid-1980s.