Other things constant, if a person prefers to have a good sooner rather than later
A) she is acting like a child.
B) she has a negative rate of time preference.
C) she has a zero rate of time preference.
D) she has a positive rate of time preference.
D
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The quantity of loanable funds supplied increases if the real interest rate rises, all other things remaining the same, because the
A) real interest rate is the opportunity cost of saving. B) real interest rate is inversely related to the cost of buying on credit. C) real interest rate is the opportunity cost of consumption. D) cost of living is determined by the real interest rate. E) demand for investment increases when the real interest rate rises.
AK growth models argue that which type or types of capital may not be subject to diminishing returns?
A) only physical capital B) physical capital and human capital C) human capital and knowledge D) knowledge and physical capital
For an inferior good, a rise in price causes
a. negative income and substitution effects b. positive income and substitution effects c. a negative income effect and a positive substitution effect d. a positive income effect and a negative substitution effect e. a positive income effect, but no substitution effect
The reasons behind this decline in employment could be all of the following except
What will be an ideal response?