Which of the following is a characteristic of capitalism?
a. Government ownership of all capital.
b. Government decision-making is preferred to decentralized decision-making.
c. Market determination of prices and quantity.
d. Equality of income.
Question 2
If the multiplier is 3, equilibrium real GDP is 1,000 billion, and investment is 400 billion, what will happen if investment decreases to 380 billion? Real GDP will:
a. increase to 1,020 billion.
b. increase to 1,060 billion.
c. decrease to 980 billion.
d. decrease to 940 billion.
e. decrease to 970 billion.
Natural Capital
In 2013, Americans learned that the federal government massively surveys their phone calls and e-mai
A Receiver-Operating-Characteristic (ROC) Curve
Natural Capital versus GDP per Capita
Capital-Biased Technological Change
When operating your own business, it is wise to know your cost of capital and that of the ...