Many governments are currently investing in:
A. less ports, given the decreasing importance of international business.
B. communications infrastructure.
C. less roadways.
D. All of these are true.
Answer: B
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When the Fed increases the money supply, we expect
a. interest rates and stock prices to rise. b. interest rates and stock prices to fall. c. interest rates to rise and stock prices to fall. d. interest rates to fall and stock prices to rise.
The monopolist is ________.
a. a perfect competitor and has a downward sloping demand curve b. an imperfect competitor and has a horizontal demand curve c. an imperfect competitor and has a downward sloping demand curve d. a perfect competitor and has a horizontal demand curve
Recall the Application about the effect of global warming on economic growth to answer the following question(s). According to this Application, a study of municipalities in Latin and South America found that a one degree Celsius rise in temperature was associated with:
A. no measurable change in per capita income. B. a small decline in real income and a small increase in per capita real income. C. a slight increase in municipal per capita income. D. a decline in municipal per capita income.
The investment demand slopes downward and to the right because lower real interest rates:
A. expand consumer borrowing, making investments more profitable. B. boost expected rates of returns on investment. C. enable more investment projects to be undertaken profitably. D. create tax incentives to invest.