The supply curve slopes or curves _____.
Fill in the blank(s) with the appropriate word(s).
upward to the right
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In a steady-state, sustained increases in the capital-to-labor ratio are only possible if
a. the savings rate increases. b. population growth decreases. c. depreciation decreases. d. technology increases. e. all of the above.
Archie can paint 5 backyard fences or repair 2 cars in 8 hours, while Austin can paint 4 backyard fences or repair 2 cars in 8 hours. Identify the correct statement
a. Archie is relatively better in repairing cars. b. Archie is relatively better in painting fences. c. Austin is relatively better in painting fences. d. Archie and Austin are equally good in painting fences. e. Neither Archie not Austin are good in repairing cars.
Which of the following statements is most accurate about human brain modularity?
A. System 1 uses heuristics, system 2 is more calculating, and both are equally important in decision making. B. Both systems regularly use both heuristics and conscious calculations, and both are equally important in decision making. C. System 1 uses heuristics, system 2 is more calculating, and system 2 regularly overcomes system 1's heuristics to make decisions. D. System 1 uses heuristics, system 2 is more calculating, and most decisions are made by system 1.
The EPA's pollution exhaust standards for passenger vehicles are an example of what kind of approach to government regulation?
A. An educational campaign B. The behavioral economics approach C. A market-based solution D. The command-and-control approach