An important link exists between research and development and capital investment, in that when capital depreciates over time, it is replaced with new equipment that embodies the latest technology.

True or False?

Malthus's theory proved spectacularly wrong mainly because he did not envision a world of greater agricultural productivity.

True or False?

The value of a good or service is determined by the market prices at which goods and services sell.

True or False?

In periods of high unexpected ination, the nominal interest rate can be very high, whereas the real interest rate is low or even negative.

True of False?

Some developing countries have tried to reduce population growth to achieve greater economic growth.

True or False?