The most plausible way to produce a continuous increase in the standard of living within the Solow growth model is to assume
A) continuous technological improvement.
B) a positive rate of population growth.
C) a zero rate of depreciation.
D) continuous increases in the national saving rate.
E) continuous growth in the capital stock.
A
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The figure above shows the U.S. demand and U.S. supply curves for cherries. In the absence of international trade, cherry farmers would receive ________ per pound of cherries
A) $2.50 B) $1.50 C) $2.00 D) $1.00 E) $0.50
Fast food restaurants produce a range of menu items such as hamburgers, chicken sandwiches, salads, and french fries. What fundamental economic question are they addressing by offering this range of items?
A) Why produce a variety of menu items? B) What to produce? C) Who to produce the menu items for? D) How to produce goods that consumers want?
Refer to Figure 3-7. Assume that the graphs in this figure represent the demand and supply curves for tuna. Which panel best describes what happens in this market when there is a decrease in the productivity of commercial fishermen?
A) Panel (a) B) Panel (b) C) Panel (c) D) Panel (d)
For a competitive equilibrium to occur, all of the following has to happen except
A) agents are price takers. B) the government sets taxes at zero. C) markets clear. D) the actions of all agents are consistent.