Growth in physical capital depends most directly upon the
A) speed of population growth.
B) amount of saving and investment.
C) amount of government expenditures.
D) number of firms in the nation.
E) level of human capital.
B
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Small devaluations are usually sufficient to stem capital flight
Indicate whether the statement is true or false
In 2003, the federal budget deficit was about _____ percent of gross domestic product
a. three b. zero c. seven d. ten
The economy experiences an increase in the price level and an increase in real domestic output. Which is a likely explanation?
A. The stock of capital has increased. B. Wage rates have fallen. C. Interest rates have increased. D. Net exports have increased.
Opportunity cost is defined as the value or benefit of the
A. equilibrium price. B. next best alternative. C. most valuable item. D. least valuable item.