The biggest barrier to growth for many of the poorest countries in the world is the need for:
A. more physical capital.
B. larger populations.
C. more human capital.
D. improved legal and political frameworks.
Answer: D
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Assume a baseball player's development in the minor leagues yields -$250,000 per year for four years
If the player were to have a single big league season and be paid $350,000, how much revenue would the player need to generate to be considered a positive net present value project from the point of view of the team owner if the interest rate was 4%? A) $1.45 million B) $2.5 million C) $350,000 D) $250,000
Which firm is not dealing with adverse selection
a. a manufacturer requires a 90 day probationary period for new employees b. a temporary clerical agency hires without verifying typing skills c. a manufacturer requires suppliers to be ISO 9000 certified d. Smokers get the worse life insurance rates as non-smokers
The size of the spending multiplier depends on the level of real GDP
a. True b. False Indicate whether the statement is true or false
Which of the following is not a desirable feature in an economy?
A. rapid increase in the general price level B. low unemployment C. rapid increase in output per worker D. low inflation