Which of the following is most likely if there is a war that destroys a country's stock of capital to a level below the steady state equilibrium?
A) The GDP will be equal to the steady-state equilibrium level of GDP.
B) The investment in capital will suffice to replenish the depreciating capital.
C) The GDP will be more than the steady-state equilibrium level of GDP.
D) The investment in capital will be lower than the amount required to replenish the depreciating capital.
D
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Simultaneous causality
A) means you must run a second regression of X on Y. B) leads to correlation between the regressor and the error term. C) means that a third variable affects both Y and X. D) cannot be established since regression analysis only detects correlation between variables.
A vertical merger involves
a. two companies in the same line of business joining together b. a buyer's expanding operations forward toward the final customer c. a buyer's expanding operations backward toward the source of raw material d. companies in unrelated lines of business coming together e. b and c
In 2000, the ________ unanimously adopted the Millennium Development Goals, a set of quantifiable, time-based targets for developing countries to meet.
A. World Bank B. United Nations C. World Economic Council D. Global Justice League
Pollution arises because
a. the atmosphere is a nonrenewable resource b. the atmosphere is a renewable resource c. of enforceable property rights d. the atmosphere is an open-access resource e. there is no supply of pollution curve