Capital deepening refers to:
a. an increase in the amount of capital per worker
b. an increase in the amount of workers per unit of capital.
c. a decrease in the amount of capital per unit of output.
d. an increase in the amount of output per unit of capital.
e. an increase in the productivity of capital.
a
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Lower U.S. interest rates cause the value of the dollar to
A) fall, making U.S. goods relatively more expensive on world markets. B) fall, making U.S. goods relatively cheaper on world markets. C) rise, making U.S. goods relatively more expensive on world markets. D) rise, making U.S. goods relatively cheaper on world markets.
Which of the following statements is a normative?
a. The price of gasoline is rising b. The price of gasoline is too high c. Gas prices are expected to fall in the near future d. Cars can run on gasoline, electricity, or diesel fuel e. When the price of gasoline rises, drivers buy less gasoline