Rural-urban migrants differ from the rest of the rural population in that they are more likely to be
(a) well educated
(b) poor
(c) female
(d) all of the above
A
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What is meant by the statement that investment projects are irreversible? How does the idea that investment projects are irreversible affect the volatility of investment in capital goods?
What will be an ideal response?
The major limitation of both the Keynesian approach and the monetarist approach is that both
a. focus on the determination of interest rates to the exclusion of price levels. b. study the determination of real GDP equilibrium without including the price level. c. are ways of studying the aggregate demand curve, but to learn anything about the price level and output, the aggregate supply curve must be included in the analysis. d. concentrate on interest rates without considering changes in consumption or net exports.
The largest single factor contributing to the increase in the health care spending is:
a. increasing administrative costs of health care b. expanded capabilities of medicine brought about by technological advances c. increasing prices in the health care sector d. none of the above
Which of the following will occur once decision makers fully adjust to an increase in prices?
What will be an ideal response?