Technological progress should lead to
A) an outward (rightward) shift in the investment function.
B) an unchanged investment function.
C) a downward movement of the investment function.
D) less saving.
A
Economics
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Mercantilism held that
A) silver alone was the mainstay of national wealth. B) gold alone was the mainstay of national wealth. C) silver and gold were the mainstays of national wealth. D) silver and gold are not important for national wealth of a country. E) labor forces were the mainstay of national wealth.
Economics
Which of the following is true regarding utility along a price-consumption curve?
A) It is constant. B) It changes from point to point. C) It changes only if income changes. D) It changes only for normal goods.
Economics