Refer to Figure 13A.2. Compared to curve s1Y, curve s2Y represents:
A. a decrease in capital deepening.
B. a higher saving rate.
C. a decrease in depreciation.
D. a decrease in original capital stock.
Answer: B
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The Cost-Benefit Principle predicts that a person:
A. should take an action if its cost increases. B. is more likely to take an action if its cost increases. C. is more likely to take an action if its benefit increases. D. should take an action if its benefit increases.
What is the price elasticity of supply? List and briefly define three cases of the price elasticity of supply
What will be an ideal response?
What impact would including members of the military in employment, labor force, and working-age population statistics have on the unemployment rate and the labor force participation rate?
A) Including the military would reduce both the unemployment rate and the labor force participation rate. B) Including members of the military would reduce the unemployment rate and increase the labor force participation rate. C) Including the military would increase both the unemployment rate and the labor force participation rate. D) Including members of the military would increase the unemployment rate and reduce the labor force participation rate.
The optimal decision rule is less than unanimity
a. True b. False