Less-developed countries that nonetheless have access to the latest technologies must be suffering from a relative shortage of ________ according to the Solow growth model, implying a very ________ rate of return available on additions to capital in
those countries. A) capital, low
B) capital, high
C) labor, low
D) labor, high
B
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The major factor contributing to the depreciation of the dollar in 2007-2008 was:
A) higher U.S. interest rates resulting in lower capital outflows. B) lower U.S. interest rates resulting in higher capital outflows. C) higher U.S. interest rates resulting in higher capital outflows. D) lower U.S. interest rates resulting in lower capital outflows.
If A and B are two disjoint sets, and "Pr" represents the probability, then Pr[A or B] will be:
a. unity. b. zero. c. Pr[A]+Pr[B]. d. Pr[A]-Pr[B].
Look at the five goods below to determine which of the five best fits the following statement: How much people spend on a good tends to be independent of its price
a. birthday candles b. automobile c. mattress d. lobster dinner e. rock concert
Oscorp Inc, a manufacturer of smartphones, is willing to receive $3,000 for each smartphone. The equilibrium market price is $4,000 per smartphone. Which of the following would be the best situation for Oscorp Inc?
a. Consumers being willing to pay $3,000 per smartphone b. Consumers being willing to pay $2,000 per smartphone c. The equilibrium market price changing to $4,500 per smartphone d. The equilibrium market price changing to $3,500 per smartphone