In the endogenous growth model presented in the text, an increase in the fraction of time accumulating human capital
A) increases the growth rate of human capital and increases the growth rate of output.
B) increases the growth rate of human capital and decreases the growth rate of output.
C) decreases the growth rate of human capital and increases the growth rate of output.
D) decreases the growth rate of human capital and decreases the growth rate of output.
A
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Refer to the graph below, which shows the effect of ________ on the home economy
A) foreign inflation B) domestic inflation C) foreign deflation D) domestic recession E) foreign recession
You are at a college of roughly 1,000 students and obtain data from the entire freshman class (250 students) on height and weight during orientation
You consider this to be a population that you want to describe, rather than a sample from which you want to infer general relationships in a larger population. Weight (Y) is measured in pounds and height (X) is measured in inches. You calculate the following sums: = 94,228.8, = 1,248.9, = 7,625.9 (small letters refer to deviations from means as in = – ). (a) Given your general knowledge about human height and weight of a given age, what can you say about the shape of the two distributions? (b) What is the correlation coefficient between height and weight here? What will be an ideal response?
Social Security payments:
A. continue to cause the elderly to lose income over time, since payments are not adjusted for inflation. B. cause concern for retirees, due to the increase in life expectancies. C. hold their real value because they are adjusted for inflation. D. are the biggest drain on the retirees budget each year.
A horizontal merger between two firms occurs when
a. the goods produced by the merging firms are not related b. one firm produces goods while the other produces services c. one firm is a domestic firm and the other is a foreign firm d. the firms were in a buyer-seller relationship before the merger e. the merging firms produce identical or close substitute goods