An economy’s rate of _______________ growth is closely linked to the growth rate of its GDP per capita.
a. domestic
b. business
c. technology
d. productivity
d. productivity
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Suppose you are the manager of Sweet Aroma, a firm that specializes in air freshener. To make your air freshener, you purchase apple skins from apple juice manufacturers. If the demand for apple juice decreases, this will cause the production of apple skins to ________ and the price of apple skins to ________.
A) decrease; rise B) increase; rise C) decrease; fall D) increase; fall
Which of the following sentences about entrepreneurs stands true?
a. They tend to be risk-averse individuals. b. They are more frequently found in societies that support social conformity. c. They help achieve technological progress. d. They are more frequently found in the local population of the developing countries. e. They usually belong to the traditional elite class.
If banks switch from holding reserves to holding cash, the policy impact of a negative deposit rate would be:
A. expansionary. B. contractionary. C. indeterminate. D. negligible.
A country has private saving of $500 billion, public saving of -$100 billion, domestic investment of $150 billion, and net capital outflow of $250 billion. What is its supply of loanable funds?
a. $650 billion b. $600 billion c. $400 billion d. $350 billion