Your authors say economists tend to
A) think outside the box.
B) think outside the bun.
C) think outside the mind.
D) think outside the theory.
E) think outside the facts.
A
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In 2014, the price of peanuts increased. In the market for peanut butter, this change lead to ________ and which therefore ________ the price of peanut butter and ________ the quantity of peanut butter
A) a decrease in the supply; increased; decreased B) an increase in supply; decreased; increased C) a decrease in demand; decreased; decreased D) an increase in demand; increased; increased
Suppose an economy grows by 2.5 percent, the labor force rises by 3 percent, and capital rises by 1 percent. If capital takes 50 percent of real GDP and labor takes the other 50 percent of real GDP, then the growth in total factor productivity must be _____
a. 6.5% b. 4.5% c. 0.5% d. 6% e. 10%