Government policies to raise the rate of productivity growth include all of the following except
A. improving infrastructure.
B. improving human capital development.
C. encouraging research and development.
D. reducing the government budget surplus.
Answer: D
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Ann Trepreneur was formerly a landlord, renting her building for $1,200 a month. She now uses her building for her own florist shop. Pick the true statement
A) The building costs Ann $1,200 per month. B) Ann incurs no opportunity cost on the building. C) Ann uses the building as a free good. D) None of the above is true.
The height of the market supply curve
a. at any quantity shows the value -- to someone -- of the last unit of the good consumed b. at any quantity shows the cost -- to someone -- of purchasing the last unit of the good c. at any quantity shows the marginal cost of producing the last unit of a good d. shows the market value of a good or service e. measures the size of the side payment necessary to achieve a Pareto improvement
A demand curve that is completely elastic is
A. Downward-sloping. B. Horizontal. C. Vertical. D. Upward-sloping.
According to predictions made by the Club of Rome in 1972, the collapse of the world economy will occur because of
A. low saving rates and, therefore, low rates of capital accumulation. B. the ever-increasing birthrate in developed countries. C. the depletion of nonrenewable resources. D. the world's limited capacity to produce food.