The study of factors that contribute to the economic growth of a country is known as
A. political economics.
B. entrepreneurial economics.
C. natural resource economics.
D. development economics.
Answer: D
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The value of the four-firm concentration ratio that many economists consider indicative of the existence of an oligopoly in a particular industry is
A) anything greater than 10 percent. B) anything greater than 40 percent. C) anything greater than 30 percent. D) anything greater than 20 percent.
A $10,000 8 percent coupon bond that sells for $10,000 has a yield to maturity of
A) 8 percent. B) 10 percent. C) 12 percent. D) 14 percent.
Once the marginal product of capital is equal to the real rental cost of capital ________
A) inventories will stabilize B) depreciation will equal the marginal rate of substitution C) the economy will reach full employment D) a profit-seeking firm will stop acquiring capital
Variables X and Y in the table below are:
A. Positively related
B. Negatively related
C. Not directly related
D. Independently related