If a country's income is rapidly increasing it must:
A. have a high level of growth.
B. be well-endowed with natural resources.
C. have a lot of room to expand.
D. have a high level of income.
Answer: A
Economics
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As the real wage rate rises, the opportunity cost of
A) working rises. B) saving rises. C) leisure rises. D) buying goods and services rises. E) leisure falls.
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If investment demand increases, the equilibrium real interest rate ________ and the equilibrium quantity of investment ________
A) rises; decreases B) falls; decreases C) falls; increases D) rises; increases E) does not change; does not change
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