For economic growth to take? place, a country must save.? But, for saving to actually generate economic? growth,
What will be an ideal response?
saving must be channeled into investment.
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The law of diminishing marginal benefit explains why
A. addicts can never get enough. B. people will only consume their favorite goods and not try new things. C. demand curves slope downward. D. supply curves slope upward.
The number of people employed in a country increased. Everything else remaining unchanged, this will lead to a ________
A) fall in the country's GDP B) fall in the country's consumer price index C) fall in the country's GNP D) fall in the country's income per worker
An increase in the real interest rate outside of the United States will cause net capital outflows to ________ and cause the dollar to ________ relative to other currencies
A) increase; appreciate B) increase; depreciate C) decrease; appreciate D) decrease; depreciate
A mostly filled movie theatre is an impure public good
a. True b. False