Which is of the following is one difficulty economists face that some other scientists do not?
a) Unlike other sciences, economic studies must include the largest economic player, the government.
b) Economists unfortunately receive less government funding than other scientists.
c) Corporations are reluctant to disclose necessary information for economic research.
d) Experiments are often difficult to conduct in economics.
Ans: d) Experiments are often difficult to conduct in economics.
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Which of the following will NOT lead to increased capital investment within a country?
A) increased uncertainty about private property rights B) increased certainty about private property rights C) increased certainty about being able to reap the gains from investing D) the decreased possibility of nationalization of private property
According to the intertemporal substitution effect, when the price level increases, the interest rate
A) rises and the quantity of real GDP demanded increases. B) rises and the quantity of real GDP demanded decreases. C) falls and the quantity of real GDP demanded decreases. D) is not affected.