Capital and labor are distinct from technology since ________
A) technology is exogenous
B) technology is rival in its use
C) capital and labor are physical things
D) technology is a physical thing
C
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The government supports economic growth by investing in:
a. education, savings, and scientific research. b. education, exploration, and internationalization. c. savings, production, and technology. d. technology, savings, and production.
The basic principles of economics suggest that
a. markets are seldom, if ever, a good way to organize economic activity. b. government should become involved in markets when trade between countries is involved. c. government should become involved in markets when those markets fail to produce efficient or fair outcomes. d. All of the above are correct.
A bank that has 10k in excess reserves can extent new loans up to a maximum of
What will be an ideal response?
Which one of the following changes is consistent with a change in an economy's consumption function from C = $500 billion + 0.80Y to C = $700 billion + 0.80Y?
A. An increase in disposable income taxes. B. An increase in interest rates C. A decrease in permanent disposable income. D. An increase in wealth.