Which of the following is not a factor of production?
A. Land
B. Money
C. Capital
D. Labor
B. Money
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When lenders are unable to get good information about the worthiness of a project the lender has the problem of
A) adverse selection. B) moral selection. C) moral hazard. D) adverse hazard.
Explain Microsoft Windows' monopoly positions in terms of network externalities
What will be an ideal response?
Over the long run, stock prices have
a. generally fallen. b. generally stayed roughly constant. c. generally risen. d. shown no identifiable pattern of change.
How sensitive is the structural deficit to the state of the economy?
a. It is insensitive to the state of the economy. b. The structural deficit changes cyclically with the economy. c. Changes in the structural deficit trigger opposite swings in the economy. d. The structural deficit changes countercyclically with the economy.