"Capital dilution" refers to ________
A) the flow of investment in the "bathtub model"
B) the depreciation of capital associated with an increase in the percentage of younger workers
C) the decline in the marginal product of capital that results from reliance on new, inexperienced workers
D) the decrease in capital per worker that is a direct consequence of an increase in the number of workers
D
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The nonrivalrous character of technological ideas suggests that ________
A) patent law protection is ultimately inefficient B) technological change follows a logarithmic pattern C) technology developed in one industry, e.g. the vodka industry, cannot be used in another industry, e.g. the automobile industry D) ideas can be used over and over again
In the Standard Oil antitrust case in 1911, the Court ruled that the:
A. company had to be disbanded. B. company was guilty of unfair business practices and therefore should be broken up. C. company had a monopolistic structure and therefore should be broken up. D. Sherman Antitrust Act did not apply.
A situation in which output decreases while prices increase is often referred to as:
A. inflation. B. negative economic growth. C. a recession. D. stagflation.
Both the World Bank and the IMF typically
A. make loans for less than 5 years only. B. charge higher than average loan rates. C. toughen the loan requirements after a nation has violated an original arrangement. D. charge lower than average loan rates to ensure repayment.