Which of the following will NOT cause the IS curve to shift to the left?
A. A contractionary fiscal policy
B. An exogenous decrease in household consumption
C. An exogenous decrease in exports
D. An exogenous decrease in imports
Answer: D
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The forecasting technique, which predicts technological trends and is carried out by a sequential series of written questions and answers is
A) the Delphi method. B) the market research method. C) opinion polling. D) the jury of executive opinion approach.
If the price of capital is $24, the price of labor is $15, and the marginal product of capital is 16, the least costly combination of capital and labor requires that the marginal product of labor be ________
Fill in the blank(s) with correct word
Scarcity is a temporary state of insufficiency that ends with new innovation
Indicate whether the statement is true or false
Compared to investing in physical capital, human capital investments are more likely to be influenced by
a. nonmonetary considerations. b. depreciation rates. c. the rate of return. d. opportunity costs.