The "new growth theory" of economic growth emphasizes the importance of
A. Household saving as a source of funds for investment.
B. Investing in new plants and equipment.
C. Investing in ideas.
D. Borrowing funds for investment from foreign sources.
Answer: C
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Combinations to the right of the budget line are:
A. Efficient B. Attainable C. Inconsequential D. Unattainable
Which answer below CORRECTLY describes the relationship between the demand for labor curve and the value of marginal product curve?
A) The curves intersect to determine the equilibrium quantity of labor. B) The value of marginal product curve lies to the right and above the demand for labor curve. C) The curves are the same. D) The value of marginal product curve lies to the left of the demand for labor curve.
The financial crisis that started in 2007 was unusual because it started in an advanced economy, the United States
Indicate whether the statement is true or false
If Pat pays $500 for a one-year bond that carries an interest rate of 10 percent per year, how much will she be repaid at the end of the year?
a. $600 b. $510 c. $620 d. $550 e. $500