Compared to Italy and Japan, the debt as a percentage of GDP in the US is
A. roughly equal.
B. substantially greater.
C. substantially smaller.
D. slightly smaller.
Answer: C
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Does low human capital cause poverty or does poverty cause low human capital?
A. The causality works both ways. B. Low human capital causes poverty, not the other way around. C. Poverty causes low human capital, not the other way around. D. There is no causal link between low human capital and poverty.
If the marginal propensity to consume is 0.5, what is the value of the expenditure multiplier?
a. 1.0 b. 1.5 c. 2.0 d. 0.5 e. 10.0
Kevin Freeman is the head of a team developing plastic knee replacements. His research team has discovered an improved materials-handling procedure that reduces contamination of the product during assembly. The issue for the company after the discovery is
A. whether to transfer this new knowledge for general corporate use. B. to figure out how this discovery can be utilized to reduce influence costs. C. whether or not this specific knowledge can be implemented in the knee team's process. D. how this specific knowledge can be transferred to the company's whole production process.
Figure 9.4 represents the market for used 12 megapixel digital cameras. Suppose buyers are willing to pay $400 for a plum (high-quality) used digital camera and $200 for a lemon (low-quality) used digital camera. If buyers believe that 50% of used digital cameras in the market are lemons (low quality), how many lemons will be supplied by sellers?
A. 50 B. 60 C. 150 D. 200