If the price of a dress is three times the price of a pair of shoes, then a pair of shoes contributes
a. exactly one-third as much to GDP as does a dress.
b. more than one-third as much to GDP as does a dress.
c. less than one-third as much to GDP as does a dress.
d. exactly one-fourth as much to GDP as does a dress.
a
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Economic theory assumes people want
A) material goods primarily. B) money in preference to all other goods. C) more of everything. D) to advance the projects in which they are interested. E) what serves selfish rather than altruistic goals.
Which of the following concerns were raised as a result of record low interest rates in 2012?
A) high perceived risk of default B) high interest rate risk C) corporations facing a lack of demand for bonds D) high risk premiums on investment-grade corporate bonds
Human capital represents: a. the equipment that labor uses on-the-job to improve labor productivity
b. the ratio of capital to labor. c. the education, skill, and training embodied in workers. d. the technology developed by humans that is embodied in equipment. e. the social institutions created by people which promote the accumulation of equipment for production.
Foreign savings that are used for investment spending in the United States are ______.
a. domestic savings b. unilateral transfers c. service imports d. capital inflows