Fine-tuning is most consistent with which school of economic thought
A. Keynesian or Modern Keynesian economics.
B. Marxism.
C. Monetarism or new classical economics.
D. Supply-side economics or new classical economics.
Answer: A
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An earthquake destroys a good portion of the capital stock. How would you expect this to affect the capital—labor ratio in the long run? There would be
A) a rightward movement along the saving-per-worker curve and an increase in the capital—labor ratio. B) no change in the long-run capital—labor ratio. C) a downward shift in the saving-per-worker curve and a decrease in the capital—labor ratio. D) a leftward movement along the saving-per-worker curve and a decrease in the capital—labor ratio.
Suppose a jar of DeLux popcorn that is ultimately sold to a customer at Friendly Groceries is produced by the following production process: Name of CompanyRevenuesCost of Purchased InputsFulton Family Farm$0.500DeLux Popcorn Co.$2.50$0.50Friendly Groceries$4.00$2.50 What is the sum of the value added of all of the firms?
A. $7.00 B. $3.00 C. $6.50 D. $4.00
The coupon rate on newly issued bonds is usually higher for bonds with ________ terms and ________ risk that the borrower will go bankrupt.
A. longer; greater B. shorter; smaller C. shorter; greater D. longer; smaller
According to the textbook, what are the two key political functions of government in a market economy?
What will be an ideal response?