In the neoclassical theory of growth, growth in ________ is the result of luck
A) saving
B) income
C) technology
D) the real interest rate
C
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M2 is
A) smaller than M1. B) larger than M1. C) equal to M1, given full employment. D) equal to M1, but only when all three functions of money apply.
The principal-agent problem refers to the fact that firms must
A) choose between economic efficiency and technological efficiency. B) choose between a managerial and an incentive system. C) devise incentives to get employees to work in the best interest of the firm's owners. D) choose between operating as a partnership or corporation.
Tastes are assumed to be identical across countries to rule out differences in demand determining the direction of trade
Indicate whether the statement is true or false
Satellite radio and MP3 devices are both new forms of competition for over-the-air radio broadcasting
Indicate whether the statement is true or false