What characteristic of the endogenous growth model is crucial in giving the possibility of sustained growth?
A) It is embodied in people.
B) It has constant returns to scale in production.
C) It takes time to accumulate it.
D) It grows at the same rate as consumption.
B
Economics
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If the United States imports goods and services for a total of $45 billion, exports goods and services for a total of $40 billion, records $4 billion as net interest and zero as net transfers, then the U.S. current account balance is
A) $1 billion. B) -$1 billion. C) $89 billion. D) zero. E) $81 billion.
Economics
There is only one firm in a monopoly
Indicate whether the statement is true or false
Economics