technology
What will be an ideal response?
the knowledge available in an economy at any given time.
-determines the amount of output we can generate with our limited resources.
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We expect PPP to hold better
A) for annual data than monthly data. B) for high-inflation countries. C) in the long run. D) All of the above.
During the last two centuries, after adjustment for inflation,
a. corporate bonds have yielded a real return of approximately 7 percent annually, compared to a real return of about 3 percent for corporate stocks. b. corporate stocks have yielded a real return of approximately 7 percent annually, compared to a real return of about 3 percent for bonds. c. both corporate stocks and bonds have yielded a real rate of return of about 3 percent. d. both corporate stocks and bonds have yielded a real rate of return of about 7 percent.
A measure of the volatility of a variable is its
a. present value. b. future value. c. return. d. standard deviation.
Refer to the graph shown. The cheapest way to produce 1,000 units of output is with:
A. 4 workers and 2.4 units of capital. B. 12 units of capital and no workers. C. 5 workers and no capital. D. 2 workers and 7.2 units of capital.