Suppose Embryonica is an LDC with few skilled workers, a primitive banking system, and very little electric power. What do we know for sure that Embryonica is lacking?
a. Infrastructure.
b. Political stability.
c. Agricultural sector.
d. Traditional values.
e. Poverty.
a
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An increase in the user cost of capital leads firms to ________ their profit by ________ their capital-output ratio
A) raise, increasing B) raise, decreasing C) lower, increasing D) lower, decreasing
Which of the following is an automatic stabilizer that moves the federal budget toward deficit during an economic contraction and toward surplus during an economic expansion?
a. Personal income tax revenues. b. Corporate income tax revenues. c. Unemployment benefits. d. All of these.
Which of the following would be considered an investment when calculating GDP using the expenditure method?
a. Business expenses b. Stocks and bonds c. Annuities d. Retirement funds
So far this year prices have been up __% over last year's prices.
Fill in the blank(s) with the appropriate word(s).