Indians and Indian-Americans have played a pivotal role in powering Silicon Valley's digital revolution. The emigration of talented people from countries like India to countries like the United States is often called:
A. credentialism.
B. the brain drain.
C. Malthusianism.
D. outsourcing.
Answer: B
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Suppose real GDP grows at 7 percent per year and the population grows at 2 percent per year. How many years will it take for real GDP and real GDP per person to double?
What will be an ideal response?
Eurobonds are bonds that are
A) sold outside the borrowing corporation's home country. B) sold in Europe. C) money market instruments. D) almost always underwritten by a single bank.
In the Keynesian range, the:
a. Aggregate supply curve is vertical. b. Aggregate supply curve is horizontal. c. Aggregate demand curve is vertical. d. Aggregate demand curve is horizontal. e. Aggregate demand is downward-sloping.
If the market price of a good does NOT include all of the costs and benefits that arise from the production or consumption of the good, then
A) the market is perfectly competitive. B) an externality is present. C) society is consuming and producing the optimal amount of the good. D) resources are properly allocated.