If per capita real income grows by 2 percent per year, then it will double in approximately 20 years
a. True
b. False
Indicate whether the statement is true or false
False
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inflation is
What will be an ideal response?
The supply schedule shows the specific quantity of a good that suppliers are willing and able to:
A. demand at various prices. B. produce at various costs. C. hold back from the market when competition is reduced. D. provide at different prices.
How is a politician similar to an entrepreneur?
A) Each advances a project solely in the public interest. B) Each advances a project only if the expected marginal benefits equal the expected marginal costs. C) Each advances a project only if the expected marginal benefits exceed the expected marginal costs. D) Each advances a project only if they impose no negative externalities.
The random walk with a trend for the stock market means which of the following?
a. Stock prices are unpredictable on a day to day basis and over time. b. Stock prices have a predictable pattern that investors can determine and use to make profit. c. On any given day stock prices are as likely to increase as decrease but over time prices decrease. d. On any given day stock prices are as likely to increase as decrease but over time prices increase.