Which of the following is a way to obtain endogenous growth:
A) inflation.
B) human capital accumulation.
C) physical capital accumulation.
D) population growth.
B
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Refer to the accompanying figure. If this restaurant goes from producing 20 to 25 pizzas per hour, then which of the following statements is true?
A. It has to give up exactly 25 salads. B. It has to give up exactly 12.5 salads. C. It has to give up more than 12.5 salads. D. It has to give up fewer than 12.5 salads.
The slope of the consumption function equals the marginal propensity to consume.
a. true b. false
Recall the Application about the impact inflation has on your potential future salary and the repayment of student loans to answer the following question(s).In analyzing the costs involved for student loans in the face of rising prices, this Application is addressing the economic concept of:
A. the marginal principle. B. the principle of voluntary exchange. C. the principle of diminishing returns. D. the real-nominal principle.
The long-run equilibrium for a monopolistically competitive firm is efficient because its produces where MR = MC.
Answer the following statement true (T) or false (F)