The rate of growth of output per capita for the United States and France between 1985 and 2014 has been caused by
A) the rate of technological progress.
B) the saving rate.
C) the accumulation of capital.
D) the rate of growth of N.
A
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The saying "What's that got to do with the price of tea?" reflects
A) two markets where general equilibrium analysis would be most useful. B) two markets where general equilibrium analysis likely won't be very useful. C) two markets where the products are clearly closely related. D) two markets where firms are incredibly greedy.
Which of the following statements is true of the equilibrium price of a good?
a. The equilibrium price of a good is the price where the quantity demanded of the good is equal to the supply of the good. b. The equilibrium price of a good is the price where the quantity demanded of the good is equal to the quantity supplied of the good. c. The equilibrium price of a good is the price where the demand for the good is equal to the supply of the good. d. The equilibrium price of a good is the price where the demand for the good is equal to the quantity supplied of the good.