As incomes increase worldwide, in addition to increased energy use, we expect to see use (and relative share) of grains and oilseeds used for animal feed
a. increase in highly developed economies only
b. to decrease worldwide
c. to increase worldwide
d. stay at relatively the same share
c. to increase worldwide
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Which of the following statements is correct?
A) Open market purchases are expansionary and open market sales are contractionary. B) Open market purchases are contractionary and open market sales are expansionary. C) Both open market purchases and open market sales are expansionary. D) Both open market purchases and open market sales are contractionary.
According to the Solow model of economic growth, if per capita savings, s (Y/N)0, exceeds required steady state investment, (n + d) K/N, then
A) per capita output declines. B) capital per capita increases. C) capital per capita decreases. D) steady state growth characterizes the economy.
All these increase differentiation, except
a. Product branding b. Reducing quality c. Advertising d. Limiting availability
Aggregate supply increases when:
a. wage rates decrease while the economy's price level remains unchanged. b. resource availability is reduced. c. there are fewer workers. d. there is less capital and the price level remains unchanged. e. there are increased inflationary expectations of labor.