Refer to the given diagram. The marginal propensity to save is equal to:
A. CD/0D.
B. 0B/0A.
C. 0A/0D.
D. CD/BD.
D. CD/BD.
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The problem arises with principals and agents when the goals of the agent are incompatible with those of the principal and when the agent cannot pursue hidden actions
Indicate whether the statement is true or false
Which of the following is true with regard to economic growth? a. Small differences in economic growth rates make small differences in Real GDP over time
b. Once a country is richer than other countries, it will remain richer regardless of differences in economic growth rates. c. Economic growth rates tell us nothing about the distribution of output and income in a country. d. All of the above are true.
Because trade raises the amount that an economy can produce by letting firms and workers play to their comparative advantage, trade will also cause
a. the average level of wages in an economy to fall. b. the average level of wages in an economy to rise. c. the average number of jobs in an economy to rise. d. the average number of jobs in an economy to fall.
In the early 2000s, Chinese officials indicted members of a forgery syndicate that sold several hundred diplomas to high school graduates who needed the diplomas to take employment tests. This situation, where having the certificate of knowledge is more important than the knowledge itself, is known as:
A. the brain drain. B. human capital. C. certification. D. credentialism.