Advances in information and communication technology are the principal factors cited for the:
A. slowdown in productivity growth between 1973 and 1995.
B. speedup in productivity growth since 1995.
C. slowdown in productivity growth since 1995.
D. speedup in productivity growth between 1973 and 1995.
Answer: B
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A dual exchange rate is no different from a devaluation in that they both try to improve a country's BOP
Indicate whether the statement is true or false
Which of the following is NOT a benefit of money when used as a medium of exchange?
A) allowing individuals to specialize B) allowing individuals to pay off debts C) allowing for some economic efficiencies D) providing economic growth
When a firm is earning zero economic profits
A) accounting profit is zero. B) total revenue is greater than total cost. C) P = ATC. D) P is greater than ATC.
Candice is planning her activities for a hot summer day. She would like to go to the local swimming pool and see the latest blockbuster movie, but because she can only get tickets to the movie for the same time that the pool is open she can only choose one activity. This illustrates the basic principle that
a. people respond to incentives. b. rational people think at the margin. c. people face tradeoffs. d. improvements in efficiency sometimes come at the expense of equality.