Technological improvements in coal mining will
A) increase the price of coal.
B) decrease the price of coal.
C) increase the interest rate.
D) decrease the interest rate.
B
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In which of the following situations would you prefer to be the lender?
A) The interest rate is 9 percent and the expected inflation rate is 7 percent. B) The interest rate is 4 percent and the expected inflation rate is 1 percent. C) The interest rate is 13 percent and the expected inflation rate is 15 percent. D) The interest rate is 25 percent and the expected inflation rate is 50 percent.
Suppose you and your friend have decided to go into a very lucrative joint venture together, which would make $5,000 for both of you. Nevertheless your friend, who does not need the money as much as you, say he will not cooperate with you unless he gets at least 90% of the earnings. It will be in your advantage not to capitulate to your friend's demands as long as:
A. your friend does not know anything about your goals. B. you cared only about the absolute distribution of the winnings. C. you follow a self-interest goal. D. you do not follow an egoistic goal.
An increase in the value of an asset over the price initially paid for it is a
A. dividend. B. capital gain. C. share of stock. D. promissory note.
The idea that the production function exhibits _______ implies that ________
A) diminishing returns; the Lucas Wedge increases at output increases B) diminishing returns; each additional unit of labor employed generates an ever-decreasing amount of real GDP C) increasing returns; potential GDP is always increasing D) increasing returns; output should increase steadily as technology grows E) constant returns; each additional unit of labor employed generates an increasing amount of real GDP