The introduction of a new technology that raises the marginal product of new capital will:
A. decrease real interest rates and increase the equilibrium quantity of saving supplied and demanded.
B. increase real interest rates and decrease the equilibrium quantity of saving supplied and demanded.
C. decrease real interest rates and the equilibrium quantity of saving supplied and demanded.
D. increase real interest rates and the equilibrium quantity of saving supplied and demanded.
Answer: D
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What will be an ideal response?
Increases in import spending _____________________, ceteris paribus
A) raise GDP B) lower GDP C) are always equal to decreases in exports D) may raise or lower GDP
If the price of a product being sold in a perfectly competitive market decreases
A. the MFC curve shifts to the left. B. the MRP curve shifts to the left. C. the MRP curve shifts to the right. D. the MFC curve shifts to the right.
In some African nations, less than half of the adult population are literate.
Answer the following statement true (T) or false (F)