Many economists now deemphasize capital accumulation as a source of growth because:
A. capital has been defined so narrowly that it has become a less useful concept.
B. capital accumulation alone does not necessarily lead to growth.
C. capital accumulation no longer affects growth.
D. the value of the capital stock no longer depends upon technology and needs of society.
Answer: B
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Suppose the CEO of a major corporation has five subsidiary companies. Only one of these companies is making better than the return on similar investments that the company could be making if it invested its financial capital outside the company
The CEO tells each of these subsidiary companies that the rate of return that they are earning is not acceptable and must rise to the level of these identified companies. He tells them if they can't come up with a plan in twelve months that their companies will be sold. If each of these companies was actually making money can you come up with an economic argument for why it is still rational for this CEO to sell them if they don't abide by his directive.
A market with few entry barriers and with many firms that sell differentiated products is
A) purely competitive. B) a monopoly. C) monopolistically competitive. D) oligopolistic.
Decisions regarding purchases and sales of securities by the Fed are made by: a. FDIC
b. Discount Committee. c. Federal Open Market Committee. d. Federal Funds Committee.
What is the purpose of advertisements that focus on beer drinkers frolicking on the beach?
What will be an ideal response?