After increasing at more than 2 percent per year between 1950 and 1973, the growth rate of average labor productivity ________ between 1973 and 1995, and ________ between 1996 to 2007.
A. speeded up; accelerated even more
B. slowed; decreased even more
C. slowed; picked up
D. speeded up; slowed
Answer: C
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Which of the following must be present to reach a negotiated solution to an externality problem?
A) A majority of the parties involved must agree to a solution. B) A large number of people must be involved to justify negotiating a solution. C) The government must approve the solution. D) The transactions costs to negotiate the solution must be relatively low.
Mpc + mps =
A) 0. B) 0.5. C) 1. D) 100.
Which of the following is true of the money multiplier? a. The higher the value of the required reserve ratio, the higher the value of the money multiplier. b. The higher the value of the required reserve ratio, the lower the value of the money multiplier. c. The higher the value of deposits in banks, the lower the value of the money multiplier
d. The higher the value of deposits in banks, the higher the value of the money multiplier.
The growth of internet banking seems to be on the rise. Discuss what the continued growth of internet banking should do to both the economies of scale and scope of banking.
What will be an ideal response?