New growth theory supports the idea that
I. economic growth can continue as long as we keep finding new ideas.
II. increases in human capital can lead to greater rates of economic growth.
A) I only B) II only C) Both I and II D) Neither I nor II
C
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Which of the following statements is true about bonds?
A) Buyers of newly issued bonds are borrowers. B) When the government and large corporations want to borrow money they buy bonds. C) A bond owner must hold a bond until it matures. D) The interest rate on a bond is inversely related to its price.
Fast food restaurants produce a range of menu items such as hamburgers, chicken sandwiches, salads, and french fries. What fundamental economic question are they addressing by offering this range of items?
A) Why produce a variety of menu items? B) What to produce? C) Who to produce the menu items for? D) How to produce goods that consumers want?