In the very long run, the level of consumption per worker can grow continually if
A) the saving rate continually falls.
B) the population growth rate continually rises.
C) productivity continually improves.
D) the depreciation rate continually rises.
C
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Increases in net investment generally result in
A) higher levels of capital stock and lower levels of depreciation. B) lower levels of capital stock and higher levels of depreciation. C) lower levels of capital stock and lower levels of depreciation. D) higher levels of capital stock and higher levels of depreciation.
Demand and supply can also be used to explain how economic events will cause ___________ in prices, wages, and rates of return.
a. changes b. freezes c. barriers d. locking
The divergence between money costs and opportunity costs will be greatest in which of the following situations?
a. A university purchases 100 computers. b. A university employs people from town in the commissary (people prefer this job to working in the paper factory). c. A university employs otherwise unemployed teenagers to paint crosswalks and curbs. d. A university replaces the roof of the fine arts building.
Tasty Chicken Inc. has worked hard to develop its brand name. Its motto "Absolutely Tasty" has become a common term used for good food. But the company finds that grocery stores do not feature their products in high visibility areas. Further, restaurants never tell their patrons they are eating food manufactured by Tasty Chicken. What needs to be done?
What will be an ideal response?