Information
A) is difficult to own.
B) is never a separate attribute of a product.
C) is easy to connect to physical product.
D) is not scarce in the knowledge economy.
A
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If the real rate of interest is the same internationally, then the nominal interest rates differ solely by the expected inflation differential in two countries
Indicate whether the statement is true or false
Suppose the principal offers to share a percentage of the profit with the agent. Such a contract
A) will yield the same income for the agent as a hire contract would. B) is incentive compatible. C) creates a production inefficiency. D) would not be acceptable to any agent.
Which of the following economic theories take into account the rational expectations of people in the economy?
a. Traditional Keynesian economic theory b. Monetarist economic theory c. New classical economic theory d. Classical economic theory e. New Keynesian economic theory
Per capita GDP is a measure of the dollar value of output produced by an average worker in one hour
a. True b. False Indicate whether the statement is true or false