The input that is generally hard to measure directly and consequently can be reasonably estimated with the growth accounting equation is:
A. land.
B. labor.
C. physical capital.
D. technology.
Answer: D
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The figure above shows the relationship between the price of a dozen roses and the quantity of roses a florist can sell. The slope between points B and C equals
A) 16. B) 8. C) 4. D) 2. E) 14.
In 2008, the Treasury and Federal Reserve took action to save large financial firms such as Bear Stearns and AIG from failing. Which of the following is one reason why these measures were taken?
A) The Fed and the Treasury wanted to allow Freddie Mac and Fannie Mae more time to buy the firms before they went bankrupt. B) The Emergency Economic Stabilization Act required the Fed and the Treasury to provide financial assistance to firms that participated in regular open market actions with the Fed. C) The bankruptcy of a large financial firm would force the firm to sell its holdings of securities, which could cause other firms that hold these securities to also fail. D) The failure of these firms would have forced the Fed to increase interest rates, which could have led to a severe recession.
An example of permanent insurance is ________ insurance, and an example of temporary insurance is ________ insurance
A) term; variable life B) whole life; variable life C) whole life; term D) term; whole life
According to the Pew Charitable Trust methodology for identifying the middle class, in 2014, the bottom end of the middle class is ________, and the top end is ________.
A. $42,000; $126,000 B. $75,000; $300,000 C. $50,000; $75,000 D. $30,000; $250,000