Payments for capital include investment and profit.
Answer the following statement true (T) or false (F)
False
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What was the most important consequence of suburbanization?
A. It made people less dependent on their cars. B. It was very bad for the construction industry. C. It left the cities with large concentrations of poor people. D. It raised the tax bases of most cities.
The output gap is zero when
A) Actual real GDP > Natural real GDP. B) Actual real GDP = Natural real GDP. C) Actual real GDP < Natural real GDP. D) Natural real GDP = 0.
In the (consumption,leisure) space, indifference curves as we have assumed them have the property of presenting the highest levels of satisfaction
A) in the north-east corner. B) in the south-east corner. C) in the north-west corner. D) in the south-west corner.
If adopted by a firm, a labor-augmenting piece of technology is one that would:
A. increase labor supply. B. decrease labor demand. C. decrease labor supply. D. increase labor demand.