All of the following shift the LAS curve EXCEPT
A) a change in the capital stock.
B) an increase in the money wage rate.
C) an increase in the stock of human capital.
D) technological progress.
B) an increase in the money wage rate.
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The most common form of tariff is a countervailing duty
Indicate whether the statement is true or false
All of the following are elements of a game except which one?
A) a game board B) rules C) payoffs D) strategies
Most corporate executives are reluctant to pursue R&D spending because
A. the risk of failure is so high. B. the social return is too low. C. the average private return is too low. D. there are too many regulations.
A default premium is the interest rate premium
A) under normal market circumstances. B) when there are no market fluctuations. C) covering the default risk. D) for government debt.