Classical economists believed that if investment were greater than saving, the interest rate would _____, causing saving to _____ and investment to _____ until the two were equal
a. rise; decrease; increase
b. fall; decrease; increase
c. fall; increase; decrease
d. rise; increase; decrease
e. fall; increase; increase
d
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Why is it likely that a market economy will perform better than a command economy?
What will be an ideal response?
Which of the following measures is associated with an expansionary fiscal policy?
a. lowering consumption b. lowering taxes c. lowering government purchases d. decreasing investments
Which of the following is an example of a nonrenewable resource?
a. corn b. oil c. livestock d. All of the above are correct.
Researchers estimate QALYs in a number of different ways. One popular approach is called:
a. the probability approach. b. the standard measure of well-being. c. the utility of life approach. d. the standard gamble. e. the QoL approach.