A policy in which ________ actively pick(s) industries to support as a base for economic development is known as industrial policy.
A. microfinanciers
B. the International Monetary Fund
C. the World Bank
D. a government
Answer: D
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Suppose y = k1/2, total factor productivity is constant and equal to 1, s = 0.40, and d = 0.10. When the economy reaches the steady state, real GDP per worker is ________
A) $2 B) $4 C) $8 D) $16
What did automobiles and government subsidized highways increase the net benefits of?
(a) Investing privately in highway development (b) Rapid expansion of new cities and towns and revitalization in old cities and towns (c) Development of suburban and exurban areas (d) All of the above
Which of the following would appear on the liability side of a commercial bank balance sheet?
A. reserves B. checkable deposits C. loans D. securities
Graphically, the effects of an external benefit can be shown as
A. a rightward shift of the market demand curve. B. a market demand curve that is to the left of the market demand that includes external benefits. C. a downward movement along the market demand curve. D. a leftward shift of the market supply curve.