If an economy's population grows at 3 percent and income grows at 4 percent, then
a. per capita income is declining
b. the economy's standard of living is decreasing
c. per capita income is negative
d. per capita income is growing
e. human capital per capita is increasing
D
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If foreign investment in the United States exceeds U.S. investment abroad, there is a ________; and when U.S. investment abroad exceeds foreign investment in the United States, there is ________
A) current account surplus; a current account deficit B) current account surplus; an official accounts surplus C) capital and financial account surplus; a capital and financial account deficit D) capital and financial account deficit; a capital and financial account surplus
Define the following terms. Give a complete and precise definition in one sentence. a. total utility b. marginal utility c. consumer’s surplus d. “law” of demand
What will be an ideal response?
A ________ makes investment in established businesses which are publicly traded and takes them private
A) sovereign wealth fund B) capital buyout fund C) hedge fund D) venture capital fund
Developments which marked the beginning of the modern period of Western Europe around the year 1500 did not include which of the following?
(a) The rise of nation states and decline in power of the feudal nobility (b) The Protestant Reformation (c) Creation of national markets, commercial growth and exploration abroad (d) The rise of Islam to centralized power in North America