Which of the following refers to the satisfaction a consumer receives from the consumption of a good?
A. Price elasticity.
B. Law of demand.
C. Equilibrium price.
D. Utility.
Answer: D. Utility.
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Country tends to grow faster when
a. Have more greater college graduates b. Less trade with the world c. Government restricts direction d. Savings and investments decreases e. Stock on physical capital
The textbook says that which of the following is among the key forces shaping today's economy?
A. Accounting scandals B. Socialism C. Social networking D. The evolution of financial markets
Gordon notes that along with slow labor productivity growth in the period 1973-1995, real wages also grew slowly
What sort of productivity shocks are consistent with this explanation of the link between real wage growth and the growth of labor productivity? A) productivity shocks which decrease supply of labor given the demand for labor B) productivity shocks which increase supply of labor given the demand for labor C) productivity shocks which increase demand for labor given the supply of labor D) productivity shocks which decrease demand for labor given the supply of labor
With a reserve ratio of 0 percent, the maximum potential money multiplier is
A. 0. B. 1. C. 100. D. infinitely large.