There has been a decrease in investment. As a result, real GDP will ________ in the short run, and ________ in the long run

Your school decides to increase the intake of new students next year

To make its decision, what economic concepts would it have considered? Would the school have used the "economic way of thinking" in reaching its decision? Would the school have made its decision on the margin?

An advantage of settling disputes via arbitration rather than court cases is that:

a. the risk of an incorrect decision in the former case is negligible. b. the former is inexpensive and binding. c. the former is more likely to grant a lenient decision. d. the former may be more knowledgeable than an uninformed jury.