Increases in ___________ capital can lead to greater rates of economic growth. These come about by increased? education, on-the-job? training, and? self-teaching.
Fill in the blank(s) with the appropriate word(s).
human
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Refer to Figure 27-1. Suppose the economy is in a recession and expansionary fiscal policy is pursued. Using the static AD-AS model in the figure above, this would be depicted as a movement from
A) C to B. B) A to B. C) A to E. D) B to C. E) B to A.
Suppose the U.S. economy is producing at the natural rate of output. A depreciation of the U.S. dollar will cause ________ in real GDP in the short run and ________ in inflation in the short run, everything else held constant
(Assume the depreciation causes no effects in the supply side of the economy.) A) an increase; an increase B) a decrease; a decrease C) no change; an increase D) no change; a decrease
Asymmetric information in financial markets exists when: a. borrowers reveal their financial details to banks before borrowing funds
b. borrowers know more about their ability to repay loans than lenders do. c. lenders know more about borrowers than borrowers know about themselves. d. borrowers pay off a loan before it is due. e. borrowers and lenders have equal information about borrower creditworthiness.
An increase in demand for a product and a reduction in the costs of production would: a. increase the equilibrium quantity and increase the equilibrium price
b. increase the equilibrium quantity and decrease the equilibrium price. c. increase the equilibrium quantity and cause an indeterminate change in the equilibrium price. d. decrease the equilibrium quantity and cause an indeterminate change in the equilibrium price.