A country's income is:
A. difficult to measure given current macroeconomic data.
B. likely to increase if the country experiences high rates of inflation.
C. dependent upon how productive its workers are.
D. None of these is true.
Answer: C
You might also like to view...
The reason firms often choose sales maximization as a goal is because
a. that is where profits are maximized. b. it is impossible to maximize profits. c. firms are managed and owned by different groups of people with different goals. d. owners believe setting price/output to maximize profits is unfair to consumers.
Many personal finance magazines such as Money and Smart Money routinely give advice as to which stocks to buy. Should you take their advice?
The model: Yt =
0 + 1ct + ut, t = 1,2,……., n is an example of a(n):
A. autoregressive conditional heteroskedasticity model. B. static model. C. finite distributed lag model. D. infinite distributed lag model.
According to the Rybczynski theorem, in a two-good world, with constant product prices, growth in a country's endowment of any one input results in an increase in the production of the good which does not use this input intensively.
Answer the following statement true (T) or false (F)