To measure economic growth, economists look at the ______ real output of services and goods per capita.
a. annual percentage change in
b. change in monthly total
c. historical yearly change
d. percentage daily change
a. annual percentage change in
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The indifference curves of two investors are plotted against a single budget line. Indifference curve A is shown as tangent to the budget line at a point to the left of indifference curve B's tangency to the same line
A) Investors A and B are equally risk averse. B) Investor A is more risk averse than investor B. C) Investor A is less risk averse than investor B. D) It is not possible to say anything about the risk aversion of the two investors, but they will hold the same portfolio. E) It is not possible to say anything about either the risk aversion or the portfolio of the two investors.
A politician says that the government should tax behavior they want less of and subsidize behavior they want more of. This is an example of
A) cynical behavior in modern democracies. B) failing to consider the alternatives available to the government. C) a concern that people are not rational when they make decisions. D) using incentives to alter behavior.
The time and money spent in carrying out financial transactions are called
A) economies of scale. B) financial intermediation. C) liquidity services. D) transaction costs.
By downsizing, a firm attempts to operate on a smaller scale of operation
Indicate whether the statement is true or false