The demand for money will fall for each of the following reasons, except
A) more ATMs.
B) higher real GDP.
C) lower interest rates on transactions accounts at banks.
D) more risky banks.
C
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If a firm is achieving economic efficiency it must also be achieving technological efficiency
Indicate whether the statement is true or false
One-third of the world's population live in China and India. How did the growth rate of these two countries compare with the growth of high income industrial countries during 1980-2009?
a. Per capita GDP increased less rapidly in China and India than in the high income industrial countries. b. Per capita GDP increased more rapidly in China and India than in the high income industrial countries. c. China grew more rapidly than the high income industrial countries, but India grew less rapidly. d. India grew more rapidly than the high income industrial countries, but China grew less.
What does research into new technologies lead to?
a) It provides positive externalities because it creates knowledge others can use. b) It results in negative externalities because too many resources are used for the small benefits received by society. c) It results in negative externalities because government funding for research leads to cuts in government spending in other areas. d) It provides positive externalities because it increases profits for the company that receives government funding for research.
The signaling effect leads to college graduates earning more because a college degree signals that a person has learned the required job skills.
Answer the following statement true (T) or false (F)