Exponential growth implies that:
A) relatively large differences in growth rates will translate into small differences in the level of a quantity after many years of growing.
B) growth rates will alternate between positive and negative values in every consecutive time period.
C) relatively small differences in growth rates translates into large differences in the level of a quantity after many years of growing.
D) growth rates can only be positive.
C
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Refer to Common Property II. Suppose the common property becomes privately owned. If the owner behaves competitively, what entrance fee would he charge for the right to use the property?
The following questions refer to the accompanying diagram, which shows the benefits and costs associated with the use of a common property.
a. PC.
b. PC - P1.
c. P2 - PC.
d. P2 - P1.
The largest source of income for most people is:
A. income from interest in savings accounts. B. wages earned at work. C. rental income from properties that they own. D. investment income.
Banks are financial intermediaries, which are institutions that operate between a saver who deposits money in a bank and a ____________ who receives a loan from that bank.
a. lender b. saver c. depositor d. borrower
Use the monetary policy reaction curve to link a higher inflation rate to lower aggregate demand.
What will be an ideal response?