Investment in capital accumulation, as well as investment in education and other labor productivity enhancing programs, is necessary for economic growth
a. True
b. False
Indicate whether the statement is true or false
True
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The Phillips curve tradeoff implies
A. that if the curve is stable, society must accept increases in inflation in exchange for decreases in unemployment. B. that if the curve is unstable, society must accept increases in inflation in exchange for decreases in unemployment. C. that if the curve is stable, society must accept increases in inflation in exchange for increases in unemployment. D. that if the curve is unstable, society must accept falling unemployment when inflation falls.
As of 2013, which was the only country in the world to be debt-free?
A. Brunei B. Greece C. Japan D. Korea
When marginal utility is positive but decreasing, total utility is
A. decreasing. B. increasing. C. zero. D. negative.
Refer to the table below. If an excise tax of $3 per unit is imposed on this product, the tax revenue for the government will be:
The following table gives data for the market for a product.
A. $60
B. $50
C. $90
D. $70