Switching to a faster economic growth path comes at the cost of lower
A) present investment.
B) present consumption.
C) future investment.
D) present saving.
E) future saving.
B
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The Nifty Gum Co has purchased a large parcel of land for $1 million. The company recently discovered that the land is contaminated and is worthless to all possible buyers. The opportunity cost of the land is
A) $0. B) $1 million. C) some amount greater than $0 but less than $1 million. D) equal to the cost of the factory that was planned to be built there.
Suppose the nominal interest rate is 10 percent annually, and you deposit $1,000. Inflation in the economy throughout the year is 6 percent. At the end of the year, you have earned:
A. a real rate of return of 4 percent. B. an increase in your purchasing power. C. a nominal increase in your savings of $100. D. All of these statements are true.
If an economy can increase its steady annual growth rate from 2 percent to 3 percent, this reduces the time it takes for the economy to double in size by __________ years
A) 5 B) 8 C) 12 D) 17 E) 20
In Brazil, Higher Education Is Reserved To A Tiny Minority, With What Effect?
a. The country has experienced a “brain drain.” b. Industrialization has been slow in Brazil. c. Social mobility is severely curtailed. d. High-tech companies tend not to thrive in the country.