Differences in the stock of physical capital between nations are an example of a(n):
A) implicit cause of prosperity. B) proximate cause of prosperity.
C) fundamental cause of prosperity. D) explicit cause of prosperity.
B
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A man can rewire a house in 12 hours and can panel a room in 15 hours, and his teenage son can rewire a house in 18 hours and can panel a room in 16 hours. Who is more efficient in rewiring a house, and who is more efficient in paneling a room?
a. The father is more efficient at both activities. b. The father is more efficient at rewiring a house, and the son is more efficient at paneling a room. c. The father is more efficient at paneling a room, and the son is more efficient at rewiring a house. d. The two are equally efficient at both activities.
When conducting an open-market purchase, the Fed
a. buys government bonds, and in so doing increases the money supply. b. buys government bonds, and in so doing decreases the money supply. c. sells government bonds, and in so doing increases the money supply. d. sells government bonds, and in so doing decreases the money supply.
Which of the following Fed actions increases the excess reserves of commercial banks?
A. Selling bonds to the public B. Selling bonds to commercial banks C. Increasing the discount rate D. Lower the reserve ratio
Refer to Scenario 2. What percentage of the variation in the dependent variable, Market Value, is explained by the regression model?
What will be an ideal response?