A closed economy
a. does not trade with other economies.
b. is centrally-planned.
c. does not allow financial intermediation.
d. All of the above are correct.
a
Economics
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Which growth theory predicts perpetual growth?
A) classical growth theory B) neoclassical growth theory C) new growth theory D) None of the above answers is correct.
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In the short run, if a firm's total product is increasing: a. its marginal product must be increasing
b. its marginal product must be positive. c. its marginal product could be increasing or decreasing. d. both b. and c. are true.
Economics