Models of growth that account for technological progress are part of
A) creative destruction theory. B) growth accounting.
C) new growth theory. D) all of the above.
C
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Governments sometime create an excess demand for a product by setting a maximum price that is less than the equilibrium price, resulting in a permanent excess demand for the product. This is known as a price floor
Indicate whether the statement is true or false
Assuming full employment, if the private sector saves 8 percent of its income and the government raises taxes by $500 to finance public investments, total investment will increase by $460
Indicate whether the statement is true or false
Before its IPO, Facebook was an example of a private firm. As a private firm, Facebook was
A) not subject to government regulations and taxation. B) not legally allowed to raise funds through venture capital firms. C) run by stockholders and a board of directors. D) run by its founder, Mark Zuckerberg.
A stock market
a. guarantees that a seller of a stock will get the price at which the stock was purchased. b. is used only to sell new stock issues from corporations and not to transfer existing stocks. c. is used only to sell stocks, not to buy stocks. d. gives an individual a chance to invest in stocks without committing funds for long periods of time.