Which of the following statements is true?
a. Natural resources per worker influence productivity only when those natural resources are renewable.
b. The prices of most natural resources are stable or falling relative to other prices.
c. Technology requires greater use of natural resources.
d. The terms human capital and technological knowledge are used interchangeably.
b
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According to the text, the beneficiaries of economic growth in poor nations are often the privileged government officials rather than the working masses. Why?
A) The officials deserve it. B) The working masses can afford to get by with less, but the government can't. C) The officials are often willing to grant foreign investors special deals as long as the investors share some of their investment returns with them and their cronies. D) For all of the above reasons.
In a put options contract, the
A) seller has the obligation to receive the instrument at a specified time. B) buyer has the obligation to deliver the instrument at a specified time. C) buyer has the obligation to receive the instrument at a specified time. D) seller has the obligation to deliver the instrument at a specified time.
The market structure that consists of many firms, each selling a slightly differentiated product, is called: a. perfect competition
b. a monopoly. c. monopolistic competition. d. an oligopoly.
Why would making a permanent change in a monetary aggregate have an effect on exchange rates in a nation?
a. Permanent rates are mostly set by short-run fluctuations in the rate of interest caused by monetary instability. b. A permanent change is never quite as permanent as policy makers claim-people form expectations on past performance rather than declarations. c. The central bank is always aware of the effect on exchange rates as it formulates policy, so it is very careful to make small permanent changes that have no effect on exchange rates. d. Traders form expectations of future exchange rates based on the anticipated long-run effects of monetary operations