The ________ the expected profit, the greater is the ________
A) lower; investment demand
B) higher; investment demand
C) lower; capital stock
D) None of the above answers is correct
B
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When a country allows trade and becomes an exporter of goods, producers gain more than consumers lose
a. True b. False Indicate whether the statement is true or false
Workers with more human capital on average earn substantially higher pay than workers with less human capital in
a. most countries but not in the United States. b. the United States but not in most other countries. c. the United States and in most other countries. d. None of the above is correct; the evidence fails to indicate that human capital is a significant factor in determining earnings anywhere in the world.
When the supply of labor increases, according to the specificfactors model, which of the following is NOT likely to happen?
a. The number of workers employed will increase. b. The wages for workers will decline. c. The marginal product of labor shifts to the right. d. The overall wage in the economy increases in the short run.
The average propensity to consume (APC) is
A. the percentage of real disposable income consumed. B. the percentage of additional real disposable income that will go toward additional consumption spending. C. the percentage of real disposable income saved. D. the rate at which real consumption spending changes over time.