Long-run economic growth requires all of the following except
A) government provision of secure property rights. B) political instability.
C) technological change. D) increases in capital per hour worked.
B
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The Taxpayer Relief Act of 1997 created the Hope Higher Education Scholarship program, which provides a maximum of $1,500 in tax credits for the first two years of college for families with adjusted gross incomes of less than $100,000 . Which factor(s) of production will change as a result of this program? Explain how this program is expected to affect the U.S. production possibilities curve
The law of demand holds that as prices of goods decrease, people are willing to buy more
a. True b. False Indicate whether the statement is true or false
If there are diminishing returns to capital, then
a. capital produces fewer goods as it ages. b. old ideas are not as useful as new ones. c. increases in the capital stock eventually decrease output. d. increases in the capital stock increase output by ever smaller amounts.
A bank has $150 million in assets and $90 million in liabilities. The bank's net worth is _____________ million and the bank is ____________
A) $105; insolvent B) $40; insolvent C) $60; solvent D) $60; solvent