Output growth is another name for labor productivity growth.
Answer the following statement true (T) or false (F)
False
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Alan puts $20,000 in an uninsured savings account at the Boston National Bank. Susie borrows $20,000 from the Boston National Bank, flies to a Central African country, and is never heard from again. Which of the following is true in this case? a. Alan will lose her $20,000
b. Alan will lose her $20,000 if she and Norma are related. c. Alan will lose her $20,000 if the First National Bank makes all of its loans to people who run off to South Pacific islands. d. Alan will not lose her $20,000 no matter what happens to the First National Bank. e. Alan will not lose her $20,000 unless the Fed fails
Suppose the company that owns the vending machines on your campus has doubled the price of a can of soda. If they then still sell almost the same number of sodas per day, this suggests:
A. soda purchases represent a large fraction of students' budgets. B. there are few other places to purchase soda on campus. C. the price elasticity of demand for soda is equal to 1. D. students do not have good nutritional information.
An important element that is excluded from U.S. poverty figures is:
A. interest income. B. earned income. C. in-kind transfers such as food stamps and housing assistance. D. income tax.
With a call option, the option holder:
A. can buy or sell, it is their option. B. can buy the asset but only after the date specified. C. has the right to buy the asset. D. has the right to sell the asset.