Below are pairs of GDP growth rates and unemployment rates. Economists would be shocked to see most of these pairs in the U. S. Which pair of GDP growth rates and unemployment rates is realistic?
a. 5 percent, 1 percent
b. 3 percent, 5 percent
c. -1 percent, 3 percent
d. -2 percent, 4 percent
b
Economics
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Capital deepening refers to
a. the rise in the ratio of capital to labor b. the rise in the ratio of capital to output c. infrastructure investment d. more unprofitable investment following upon unprofitable investment e. heavy industry construction
Economics
If Tom drives a car more recklessly after he purchases a comprehensive insurance plan, the change in his behavior is an adverse selection problem.
Answer the following statement true (T) or false (F)
Economics