The reason that some people make more money than others is explained mainly by
A. training and education.
B. intelligence.
C. inborn skills or physical attributes.
D. all of the choices/statements are true.
D. all of the choices/statements are true.
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The primary source of corporate financing in the United States is
A. the sale of stock. B. the sale of bonds. C. retained earnings. D. lending from commercial banks.
Mathematically the marginal rate of substitution is
A) always a negative number. B) always a positive number. C) is equal to 1. D) sometimes a positive and sometimes a negative number.
Which of the following is not crucial to the Harrod-Domar model?
a. population growth rate b. marginal propensity to save c. incremental capital-output ratio d. marginal propensity to consume e. all were crucial to the Harrod-Domar model
Figure 7-8
Of the graphs in Figure 7-8, which represents total cost?
A. 1 B. 2 C. 3 D. 4