A government policy that would raise the rate of productivity growth is
A. reducing the government budget surplus.
B. taxing expenditures on research and development.
C. improving human capital development.
D. shifting infrastructure expenditures to the private sector.
Answer: C
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The opportunity cost of moving from point a to point b in the above figure is ________
A) zero B) 3/2 pairs of socks per sweater C) 3 pairs of socks D) 2 sweaters
In the above figure, what is the magnitude of the marginal rate of substitution (MRS) at point a?
A) 1/2 B) the rate at which the consumer will give up magazines to purchase more CDs while preferring the new combination to the old C) 2 D) The question cannot be answered without more information.
Social Security provides incentive for individuals to
(a) save more than they consume during their working years. (b) manage their assets privately in order to prepare to live on principal and interest during retirement. (c) rely on transfer payments made by the working class to them during retirement. (d) carefully manage their private retirement portfolios and use the income earned to consume and save during retirement.
If equilibrium GDP is $300 billion greater than full employment GDP and there is an inflationary gap of $50 billion, how much is the multiplier?
What will be an ideal response?