When break-even investment is subtracted from investment per worker, the result is
A) the change in the capital-labor ratio.
B) saving.
C) the steady state.
D) capital stock dilution.
A
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Which of the following best illustrates the fallacy of composition? a. If I have more money, I will be better off; therefore if we all had more money, we all would be better off
b. If I buy more gas each week, my gas consumption increases; therefore, if all gas consumers buy more gas each week, total gas consumption will increase. c. If I spend more time studying, I will learn more; therefore, if all students spend more time studying, they will learn more. d. If women's hemlines are higher this year, the Dow Jones Industrials average will fall.
Each of the following are characteristics of an indifference map graph except
a. moving northeast to a new indifference curve will increase utility b. points on the same indifference curve yield equal utility c. the axes represent levels of utility d. it does not represent aggregate market behavior e. indifference curves do not intersect each other
Which of the following options would the Fed pursue if it wanted to increase the supply of money in the economy?
a. lowering reserve requirements b. raising the discount rate c. selling bonds d. increasing the interest rate paid on reserves
All of the following institutions easily fit onto a majoritarian-consensus dimension EXCEPT ______.
A. federalism B. bicameralism C. unicameralism D. constitutionalism