The production function Y = AKbN1-b written in terms of growth rates is
A) y = a - bk - (1 - b)n.
B) y = a + bk + (1 - b)n.
C) y = a - bk + (1 - b)n.
D) y = a + bk - (1 +b)n.
B
Economics
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A particular good is not scarce when
A) everyone is able to purchase as much of the good as they wish to purchase. B) it is available in large enough quantities to meet everyone's needs. C) no one must sacrifice anything to obtain more of the good. D) there is a surplus of the good.
Economics
In asset markets, an asset's price is
A) set equal to the highest price a seller will accept. B) set equal to the highest price a buyer is willing to pay. C) set equal to the lowest price a seller is willing to accept. D) set by the buyer willing to pay the highest price.
Economics