Over the past year, productivity grew 1%, capital grew 0%, and labor grew 5%. If the elasticities of output with respect to capital and labor are 0.4 and 0.6, respectively, how much did output grow?
A) 1%
B) 2%
C) 3%
D) 4%
D
Economics
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Philosopher John Rawls's argument in favor of income equality presumes that with no prior knowledge of where a person would fit into an income distribution, the person's fear of ending up in poverty overshadows his or her joy of ending up rich
Indicate whether the statement is true or false
Economics
Forming a cartel is illegal in _____
a. the United States b. Canada c. India d. Australia
Economics
Which country had the largest trade deficit in 2011?
a. Canada b. Mexico c. China d. Japan
Economics
The primary assets of a finance company are
A) municipal bonds. B) corporate stocks and bonds. C) consumer and business loans. D) mortgages.
Economics