In contrast to the earlier neoclassical models of economic growth, in endogenous growth models, there is more emphasis on
a. human capital.
b. externalities.
c. increasing returns to scale.
d. all of the above.
D
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Under perfect competition, a technological advance
a. shifts the market demand curve leftward, decreasing market price b. shifts the market supply curve rightward, decreasing market price c. shifts the market demand curve rightward, increasing market price d. shifts the market supply curve leftward, increasing market price e. causes unpredictable shifts in supply and demand
Which of the following would be likely to cause a nation's currency to depreciate?
What will be an ideal response?
If the Federal funds rate:
a. Increases, the prime interest rate will increase b. Decreases, the prime interest rate will not change c. Decreases, the prime interest rate will increase d. Increases, the prime interest rate will decrease
Policies which promote education are central to all of the following except:
A. increasing the capabilities of a society. B. economic development. C. federal reserve bank's interest rate policy. D. economic growth.