In the Solow model, if f(k) = 8k0.5, s = 0.2, n = 0.3, and d = 0.1, what is the value of k at equilibrium?
A) 1
B) 4
C) 9
D) 16
B
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An external cost on supply can be measured graphically as the
A. Vertical distance between the market demand curve and the social demand curve. B. Vertical distance between the market supply curve and the social supply curve. C. Horizontal distance between the market supply curve and the social supply curve. D. Horizontal distance between the market demand curve and the social demand curve.
Which of the following would cause a rightward shift in the investment demand curve?
A. An increase in the interest rate. B. An increase in the rate of capacity utilization. C. An increase in households' disposable income; D. An increase in business taxes.
If the price of one good goes up and the demand of a related good goes down, the two goods are
A) complements. B) substitutes. C) inferior goods. D) normal goods.
Are these applicants likely to be? cyclically, frictionally, or structurally? unemployed, and what would be the reason that most of them are? unemployed? Briefly explain.
What will be an ideal response?