Concentration ratios have not been studied much in the last century
a. True
b. False
Indicate whether the statement is true or false
False
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In the foreign exchange market, the exchange rate is volatile because the
A) factors that influence the supply of dollars also influence the demand for dollars. B) demand for dollars changes more frequently than the supply of dollars. C) both the demand curve for dollars and the supply curve of dollars are very flat. D) supply of dollars changes more frequently than the demand for dollars. E) None of the above is related to the volatility of the exchange rate.
Which of the following is NOT a real world factual conflict with the neoclassical growth model?
A) Income per capita varies greatly across countries. B) Poor countries do not have a higher rate of return on capital. C) Immigrant labor from poor countries experiences very small increases in income when it moves to rich countries. D) Poor countries' income levels have not converged to the income levels of rich countries.
In the text, the equivalence of the goods market equilibrium in the IS model to the equilibrium in which desired investment equals desired saving is demonstrated, assuming that both government purchases and net exports are zero
Demonstrate the equivalence when both G and NX are non-zero.
Imagine that the best and the brightest professionals of the planet Venus migrate to Earth to work. The upside of this brain drain is
a. the remittances sent home to Venus b. getting rid of snooty Venetians c. not being able to afford the modern machinery that will help the Venetians become more productive d. decreased labor supply on Venus e. increased income inequality on Venus