One possible constraint to limitless growth is
A. A limited supply of arable land.
B. The fact that technological advance cannot go on forever.
C. Irreversible environmental damage.
D. A capital stock that grows too quickly.
Answer: C
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International data supports the quantity theory of money conclusion that high money growth rates are associated with inflation
Indicate whether the statement is true or false
If a Thai citizen borrowers dollars for a few months, hedging should take place if
a. the dollar is expected to fall in value over that time b. the dollar is expected to rise in value over that time c. the dollar is expected to fluctuate considerably over that time d. the dollar is expected to remain stable over that time e. none of the above
Total Reserves minus vault cash equals
A) bank deposits with the Fed. B) excess reserves. C) required reserves. D) currency in circulation.
Billy is deciding whether to watch TV at home or go spend time with his friends. If Billy decides to stay home, we can conclude that:
A. Billy will get more utility from watching TV than spending time with his friends. B. Billy's revealed preference is to always be alone. C. Billy is a homebody and never goes out. D. Billy will regret not spending more time with his friends.