Which of the following factors is fixed in the long run?
A) capital
B) land
C) entrepreneurship
D) none of the above because all factors are variable in the long run
D
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According to the new growth theory, which of the following promote economic growth?
i. discoveries that bring profit ii. choices that expand human capital iii. random events that create technology change A) i and ii B) i only C) i, ii and iii D) i and iii E) ii only
When Jack's income increases by $1,000, he spends an additional $850 dollars. This implies that his marginal propensity to consume is 0.85
Indicate whether the statement is true or false
"The line distinguishing external from internal goals can be fuzzy." Discuss
What will be an ideal response?
Small-denomination time deposits refer to certificates of deposit with a denomination of less than
A) $1,000. B) $10,000. C) $100,000. D) $1,000,000.