The theory of economic growth divides the causes of growth into
A) elements affecting the output ratio and factors affecting population growth.
B) elements affecting the output ratio and factors affecting inflation.
C) elements affecting the amount of factor inputs available and the productivity of those inputs.
D) None of the above.
C
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Explain why it is highly unlikely that the world's oil reserves will be depleted within the next 40 years
What will be an ideal response?
To help offset the costs from loan defaults, the First National Bank of Gotham decides to increase the interest rate it charges on its business loans
As a result of this increase in the interest rate, the creditworthiness of Gotham's loan applicants is likely to A) improve. B) deteriorate. C) be unchanged. D) be unchanged, unless the economy enters a recession at the same time as the interest rate is increased.
If periodic use of a resource can be continued indefinitely, that resource is said to be
a. removable b. renewable c. cyclical d. recyclable e. part of a common pool
Net taxes are indirect business taxes plus transfer payments
a. True b. False Indicate whether the statement is true or false