Short-run economic growth comes from:
A. Expanding the production possibilities curve.
B. A rightward shift of aggregate supply.
C. Increased or more efficient use of existing resources.
D. A population decrease which increases output per person.
C. Increased or more efficient use of existing resources.
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All homothetic goods are normal goods.
Answer the following statement true (T) or false (F)
A venture capital fund buys the __________ of a new company and hopes to profit from __________
A) debt; repayment of the debt at maturity B) debt; interest payments on that debt C) equity; dividends from the equity D) equity; eventual sale of that equity
Figure 7-8
Of the graphs in Figure 7-8, which represents total cost?
A. 1 B. 2 C. 3 D. 4
The evidence shows that both the U.S. steel and auto industries seem to have lost their vigor for growth and competitive edges in the global marketplace
Indicate whether the statement is true or false