A factor that turned out to be a weakness of the classical theory of growth is its
A) emphasis on saving and investment.
B) assumption that the growth rate of the population increases when income increases.
C) reliance on constant growth in technology.
D) neglect of the subsistence real wage.
B
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What is the main difference between common and preferred stocks?
a. Common stocks pay interest whereas preferred stocks pay dividends. b. Preferred stocks carry voting rights whereas common stocks do not carry voting rights. c. Preferred stocks pay a guaranteed dividend, while common stocks may or may not pay dividends. d. In case of bankruptcy, preferred stockholders have a right to the company's asset, whereas common stockholders do not have such rights. e. Common stocks can be converted into preferred stocks while preferred stocks cannot be converted into common stocks.
The Haig-Simons definition of income
A. is measured over a given time. B. measures an individual's power to consume. C. is a net change measure. D. all of these answer options are correct.
A positive temporary supply side shock will:
A. increase the level of potential output in the long run. B. decrease the price level in the long run. C. increase the price level in the long run. D. have no effect in the long run.
Which of the following is necessary to make a trade in a barter economy?
A. Money B. Unlimited wants C. A medium of exchange D. A coincidence of wants