The cost of output is income to the land, labor, capital and entrepreneurial talent used to produce it
Indicate whether the statement is true or false
True
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Which of the following is true about growth rates?
a. in recent decades, the rich countries of the world have consistently grown more rapidly than poor countries. b. no less developed country (LDC) was able to achieve a more rapid growth rate than the United States during the 1980 through 2005 period. c. during recent decades, most LDCs have stagnated economically. d. during 1980 through 2005, the fastest growing countries in the world were mostly LDCs.
The marginal utility of a unit of good Y to Jane is
A. the additional utility that Jane gets from consuming one more unit of Y. B. defined in money terms as the minimum amount Jane is willing to pay for that additional unit of Y. C. defined in money terms as the maximum amount Jane is willing to pay for all the Y she buys except that additional unit. D. All of the responses are correct.
The deregulation of thrift institutions in the 1970s and 1980s have made their deposits and thus their ability to finance mortgages ________ sensitive to movements in the market interest rate, thus ________ the monetary policy multiplier
A) more, raising B) more, lowering C) less, raising D) less, lowering
The random error term ________ the effects of ________ influences on the dependent variable that are not included as explanatory variables
A) captures; observed B) ignores; unobserved C) ignores; observed D) captures; unobserved