New growth theory asserts that
i. human capital grows because of choices.
ii. discoveries result from choices.
iii. competition brings profits.
A) i only B) ii only C) iii only D) both i and ii E) both i and iii
D
Economics
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When income increases, the demand curve for an inferior good
A) shifts to the right. B) shifts to the left. C) moves up along the demand curve for the product. D) remains constant.
Economics
Goods used to produce other goods are known as
a. transitional goods b. durable goods c. nondurable goods d. services e. intermediate goods
Economics