Suppose y = k1/2, total factor productivity is constant and equal to 1, s = 0.40, and d = 0.10. When the economy reaches the steady state, the capital-labor ratio is ________ of capital per worker
A) $2
B) $4
C) $8
D) $16
D
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The theory of consumer choice provides the foundation for understanding the
a. structure of a firm. b. profitability of a firm. c. demand for a firm's product. d. supply of a firm's product.
The output of which of the following groups of companies is included in the calculation of Ireland's GNP:
(a) Pepsi, Kerry Group, Google. (b) Glanbia, Dunnes, Bank of Ireland. (c) Facebook, Twitter, Amazon. (d) All of the above are included.
The marginal productivity principle has relevance only in a capitalist economy, and not in a socialist system.
Answer the following statement true (T) or false (F)
Which practice helps health insurance companies overcome the problem of adverse selection?
A. They sell insurance only to unhealthy people. B. They sell insurance only to healthy people. C. They have switched to the experience rating system. D. All of these.