According to the classical growth theory of Thomas Malthus
A) labor productivity increases continuously.
B) the population growth rate is fixed.
C) technological advances lead to permanent increases in real GDP per person.
D) increases in real GDP per person are only temporary.
D
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An increase in a firm's capital stock ________ in the marginal benefit of hiring labor
A) will cause no change B) will cause a decrease C) will cause an increase D) may cause an increase, a decrease, or no change
The Glass-Steagall Act forbids banks from owning
A) municipal bonds. B) corporate stock. C) home mortgages. D) bonds issued by foreign governments.
During the postbellum period of U.S. history,
(a) the U.S. balance of payments experienced a deficit throughout the entire period. (b) manufacturing exports became the top foreign exchange earner. (c) cotton exports continued to be the top foreign exchange earner. (d) the U.S. never borrowed from foreigners.
Over a twenty-five year period, about half of the merger acquisitions are split up
Indicate whether the statement is true or false