Which of the following best describes an argument for convergence?
a. The development of new human capital can provide a way for an economy to sidestep the diminishing marginal returns of capital deepening.
b. The development of new technology can provide a way for an economy to sidestep the diminishing marginal returns of capital deepening.
c. The development of new physical capital can provide a way for an economy to sidestep the diminishing marginal returns of capital deepening.
d. The development of new financial capital can provide a way for an economy to sidestep the diminishing marginal returns of capital deepening.
b. The development of new technology can provide a way for an economy to sidestep the diminishing marginal returns of capital deepening.
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In the United States from 1981 to 2013, deaths from which of the following increased?
A) cancer B) kidney disease C) strokes D) heart attacks
Which of the following statements about self-selection and immigration flows into the United States is false?
A. Negative selection occurs when the United States offers a greater return to skill at high skill levels than the source country. B. Positive selection results in highly skilled workers coming to the United States. C. Negative selection results in low-skilled workers coming to the United States. D. High-skilled workers in foreign countries will not always choose to migrate to the United States. E. If the flow of immigrants is currently positively selected, increasing the costs to immigration will likely make the future flow of immigrants even more positively selected.
Firms whose central business is providing individual account shares of a group of stocks, bonds, or both are known as:
A. insurance companies. B. thrifts. C. commercial banks. D. mutual funds companies.
Assume that, under a system of floating exchange rates, Mexicans decide to increase their investments in the United States. As a result:
A. the peso and the dollar will both depreciate. B. the peso and the dollar will both appreciate. C. the peso will depreciate and the dollar will appreciate. D. the peso will appreciate and the dollar will depreciate.