An increase in which of the following factors can lead to sustained growth of a nation in the Solow model?
A) Physical capital B) Technology C) Human capital D) Savings rate
B
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Which of the following characterizes the Fed's ability to prevent recessions?
A) The Fed is incapable of changing aggregate demand through its monetary policy tools. B) The Fed is able to "fine tune" the economy and entirely eliminate recessions. C) The Fed is able to eliminate the business cycle and achieve absolute price stability. D) The Fed is able to keep a recession shorter and milder than it would otherwise be.
A shortcoming of swaps that has led to the domination of the swaps market by large firms and financial institutions is
A) the lack of privacy. B) need to assess creditworthiness. C) desire for more flexibility. D) limited size of the market.
Define the following terms and explain their importance to the study of economics
a. pure monopoly b. barriers to entry c. patent d. natural monopoly e. sunk costs
Who of the following would be included in the Bureau of Labor Statistics' "unemployed" category?
a. Miguel, who is on temporary layoff b. Reta, who worked only 15 hours last week c. Marisa, who neither has a job nor is looking for one d. None of the above is correct.