Use the information provided in Table 7.2 below to answer the question(s) that follow.
Table 7.2Inputs Required to Produce a Product Using Alternative Technologies
Refer to Table 7.2. Which technology is the least capital intensive?
A. A
B. B
C. C
D. D
Answer: D
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The Monetarist model differs from the classical model in that
a. changes in aggregate demand, not aggregate supply, drive changes in output. b. changes in the money supply drive changes in inflation inflation. c. changes in aggregate supply, not aggregate demand, drive changes in ouput. d. money demand is not always stable. e. none of the above.
Refer to the table shown. The average fixed cost of producing eight bicycles is:Output(bicycles per week)Total cost (dollars)110022003310444055806730790081,200
A. $150. B. less or equal to $12.50. C. $100. D. greater than $20.
Investment spending includes spending on:
A. stocks and bonds. B. new capital goods. C. services. D. consumer durable goods.
Which of the following countries spends the most per capita on health care?
A. Canada B. China C. Germany D. The United States