The role that dead capital plays in a country's economic growth is that
A) growth increases since the firms using the dead capital are using it for free.
B) growth increases because the dead capital is replaced with more technologically efficient capital.
C) growth neither increases nor is impaired by dead capital.
D) growth is impaired since the capital cannot be allocated to its most efficient use.
D
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Assuming all else equal, any change that causes an increase in the credit supply at a given real interest rate will cause:
A) the credit supply curve to shift to the left. B) a downward movement along the credit supply curve. C) an upward movement along the credit supply curve. D) the credit supply curve to shift to the right.
In the above figure, point B
A) is superior to point A. B) is inferior to point A. C) is as good as point A. D) could be superior to, inferior to, or as good as point A but there is no way of telling which.
It is estimated that less than 50% of American blacks have any white ancestry
Indicate whether the statement is true or false
Despite the fact that most votes have virtually no impact on the outcome of a vote, and knowing people incur opportunity costs to vote, we recognize that people vote for all of the following reasons except they:
A. feel pressure to fulfill their civic duty. B. altruistically decide to contribute to the democratic process by voting. C. get utility from participating in a civic event. D. are obligated legally to do so.