Economy A: gross investment equals depreciation Economy B: depreciation exceeds gross investment Economy C: gross investment exceeds depreciation Other things equal, the above information suggests that the production capacity in economy:
a) B is growing more rapidly than either A or C.
b) A is growing more rapidly than either B or C.
c) A is growing less rapidly than economy B.
d) C is growing more rapidly than economy B.
d) C is growing more rapidly than economy B.
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You are at a college of roughly 1,000 students and obtain data from the entire freshman class (250 students) on height and weight during orientation
You consider this to be a population that you want to describe, rather than a sample from which you want to infer general relationships in a larger population. Weight (Y) is measured in pounds and height (X) is measured in inches. You calculate the following sums: = 94,228.8, = 1,248.9, = 7,625.9 (small letters refer to deviations from means as in = – ). (a) Given your general knowledge about human height and weight of a given age, what can you say about the shape of the two distributions? (b) What is the correlation coefficient between height and weight here? What will be an ideal response?
According to the circular flow diagram, in return for land, labor, capital and entrepreneurial ability, households receive _______________________________.
Fill in the blank(s) with the appropriate word(s).
Use the simple deposit multiplier to help show why the money supply increases when the Fed lowers the required reserve ratio (r)
You are an entrepreneur with an innovative idea for a new buisness. In which kind of economy would you have the most opportunity to try to achive success?
a) market economy b) command economy c) traditional economy d) economy for sale