If an economy wants to experience economic growth, what decision must it make and carry out? Explain
People in the economy must decide to consume fewer goods and services, and to invest those resources into greater productive capacity for the future. This can be in the form of more capital stock, better training for workers, or improved technology.
Economics
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Suppose a firm has 100 machines and 100 shares outstanding. The price per share is $2, and the purchase price of a machine is $1. So Tobin's q is equal to
A) 2. B) 1. C) 0.5. D) 1.5.
Economics
If the federal government brings in $3 trillion in tax revenues and spends $4 trillion, the government has a budget:
A. surplus of $1 trillion. B. deficit of $1 trillion. C. surplus of $7 trillion. D. deficit of $0.75 trillion.
Economics