Holding other factors constant, a decline in the price of new capital goods will:
A. decrease national saving.
B. decrease investment.
C. increase investment.
D. increase national saving.
Answer: C
Economics
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According to new growth theory, economic growth is driven by
A) new ideas. B) the division of labor. C) positive externalities. D) higher birth rates.
Economics
The Coase theorem proves that externalities will be neutralized by bargaining
Indicate whether the statement is true or false
Economics
The following figure shows the demand and cost curves facing a firm with market power in the short run.
The firm will sell its output at a price of
A. $3.75. B. $5. C. $3. D. $2. E. $6.
Economics
The unemployment rate equals
A. (employed - unemployed)/labor force. B. labor force/population. C. unemployed/employed. D. unemployed/labor force.
Economics