According to new growth theorists, more technological improvements can be brought about by
A) the government taking a more active role in regulating industries.
B) government policies that lead to increases in human capital.
C) tougher immigration laws.
D) a government policy that encourages increased consumption.
B
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Public policy responses to monopolies:
A. aim to break up existing monopolies. B. prevent new monopolies from forming. C. ease the effect of monopoly power on consumers. D. All of these statements are true.
If the government increases its military spending, the aggregate demand curve shifts to the right
Indicate whether the statement is true or false
For China
A) there was a long period of success with the economic results of communism so it was hard to change policies. B) reform of its economic system was rapid, with a quick dismantling of most of the controls exercised by the state and party over the economic system, but not the political system. C) economic reforms were intended to create more wealth to distribute, not do undo the communist party. D) there are no longer state owned enterprises.
You are given the following consumption function C = 50 + .80YD. What is the amount of autonomous consumption expenditures?
A) 75 B) 100 C) 5 D) 50