Which of the following provides the fuel for growth and achievement of high income levels?
a. gains from trade
b. entrepreneurial discovery
c. capital formation
d. all of the above
D
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A period of stagflation can be considered as part of the normal aftermath of a
A. decrease in aggregate demand. B. period of high unemployment. C. period of low unemployment. D. period of inward shifting aggregate demand.
If interest rates in Japan rise and those in the United States do not change, there is
A) a decrease in the supply of dollars. B) an increase in the supply of dollars. C) a downward movement along the supply curve for dollars. D) None of the above answers is correct.
An option premium is
A) paid by the short to the long as soon as the option is purchased. B) paid by the long to the short as soon as the option is purchased. C) paid by the long to the short when the option is exercised. D) paid by the short to the long when the option is exercised.
The labor-force participation rate tells us the fraction of the population that has chosen to participate in the labor market
a. True b. False Indicate whether the statement is true or false