If we are going to get the most value from our resources, entrepreneurs should choose the investment alternatives that

Which of the following statements is true about data?

A) Empiricism does not necessarily involve data. B) Consistency of models can be checked using data. C) Convincing data analysis in economics relies on using a small sample. D) Facts that describe the world are not considered data.

An increase in the expected future marginal product of capital would cause the IS curve to

A) shift up and to the right. B) shift down and to the left. C) remain unchanged. D) remain unchanged if firms face borrowing constraints; otherwise, shift down and to the left.