The relationship between planned real investment spending and the interest rate is
A. inverse.
B. positive.
C. constant.
D. direct.
Answer: A
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The principle that irrelevant detail should not be included in a model is known as
A. Ockham's razor. B. normative economics. C. ceteris paribus. D. a fallacy.
The Herfindahl-Hirschman Index is the sum of the
A. Market shares of the top four firms in the market. B. Squared concentration ratios for the firms in the market. C. Squared market shares of the firms in the market. D. Market shares of all the firms in the market.
Graphically illustrate and explain the effects of an increase in the rate of depreciation (?) on the Solow growth model. In your graph, clearly label all curves and equilibria
What will be an ideal response?
Assume that maximum feasible hourly productions levels if all resources are utilized in the United States are either 8 yards of fabric or 4 bushels of wheat. Maximum feasible production levels if all resources are utilized in Japan are either 3 yards of fabric or 6 bushels of wheat. Based on this information
A. the United States will benefit from trading but Japan will not. B. both nations will gain from specialization and trade, with the United States exporting wheat and Japan exporting fabric. C. both nations will gain from specialization and trade, with the United States exporting fabric and Japan exporting wheat. D. beneficial trade is absolutely impossible between the two countries.