New growth theory claims that economic growth occurs because firms reap profits from research and add to the stock of capital
Indicate whether the statement is true or false
TRUE
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What gives a demand deposit value?
A) The belief others will readily accept the demand deposit in exchange for valuable goods B) The currency the bank holds as reserves C) The guarantees the government provides D) The gold backing the deposits E) In God we trust.
A profit-maximizing monopoly will never operate in the portion of the demand curve with MR equal to
A) 3. B) 2. C) 1. D) -1.
In the late twentieth century, some regulators began using _______________, which required public utilities to charge a fixed price that would decline slightly over time.
a. cost-plus regulation b. natural monopolies c. price cap regulation d. price deregulation
Which of the following statements is false?
A) When the value of a country's imports is greater than the value of its exports, the country's net exports will be a positive value. B) A country is running a trade deficit when the value of its imports is greater than the value of its exports. C) A country is running a trade surplus when the value of its exports is greater than the value of its imports. D) Net exports are sometimes referred to as the balance of trade.