New growth theory states that increases in ________ capital will result in ________ at the ________ level
A) physical; decreasing returns to scale; firm
B) knowledge; increasing returns to scale; economy
C) knowledge; decreasing returns to scale; economy
D) knowledge; increasing returns to scale; firm
B
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Which of the following would cause the money demand curve to shift to the left?
A) a decrease in real GDP B) an increase in the interest rate C) an increase in the price level D) an open market purchase of Treasury securities by the Federal Reserve
Holding other factors constant, a decrease in the tax for producing cars causes
a. The supply curve to shift to the left, causing the prices of coffee to rise b. The supply curve to shift to the right, causing the prices of coffee to rise c. The supply curve to shift to the left, causing the prices of coffee to fall d. The supply curve to shift to the right, causing the prices of coffee to fall
Governments and central banks can track virtual currencies and gain considerable control over their use if:
a. Virtual currency transactions are only among domestic residents (i.e., no foreign-related transactions). b. Virtual currency transactions are only between domestic and foreign residents. c. Virtual currency transactions are recorded (i.e., debited and credited) in clearing houses. d. Virtual currency transactions are peer-to-peer rather than through clearing houses.
Suppose that competing firms form an employers’ association that hires labor as a monopsonist would.
a. Suppose that competing firms form an employers’ association that hires labor as a monopsonist would. This will cause a? b. Hospital administrators sometimes complain about a “shortage” of nurses. The shortage is the result of?