According to new growth theorists, more technological improvements can be brought about by
A. a government policy that encourages increased consumption.
B. government policies that lead to increases in human capital.
C. the government taking a more active role in regulating industries.
D. tougher immigration laws.
Answer: B
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Sylvia wants to expand her taxidermy business and is going to use profits from the business to do so. This is an example of using ________ for her expansion
A) retained earnings B) direct finance C) dividends D) indirect finance
The costs in time and effort incurred by people and firms who are trying to minimize their holdings of cash because of inflation are called
A) menu costs. B) shoe leather costs. C) transactions costs. D) imperfect competition costs.
In 1975, New York City increased regulated taxi fares by 17.5 percent and expected taxi revenue to increase a like amount. The taxi commission believed taxi demand was
a. unit elastic. b. inelastic. c. elastic. d. perfectly inelastic.
Why might reforms to encourage saving lead to a less egalitarian society?