According to new growth theory, as technology becomes more important to growth, so does
A) increasing taxes. B) human capital.
C) military spending. D) increasing trade barriers.
B
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Colorado State University allocates 10,000 tickets for each home game to students at no cost. Students are required to stand in line and prove they are a full time student to receive a free ticket
How is the scarce resource in this example allocated? A) first-come, first-served B) market price C) contest D) lottery
Which of the following is most likely to be a fixed cost for any firm?
a. the monthly electric bill b. sales taxes c. shipping and postage costs d. rent on office space e. charitable donations
Demand elasticity can be
A) elastic, unit, or free. B) elastic or inelastic. C) elastic, inelastic, or unit elastic. D) 1, -1, or 0.
Al, Ralph, and Stan are all intending to retire. Each currently has $1 million in assets. Al will earn 16% interest and retire in two years. Ralph will earn 8% interest and retire in four years. Stan will earn 4% interest and retire in eight years. Who will have the largest sum when he retires?
a. Al b. Ralph c. Stan d. They all retire with the same amount.