Historically, predictions of scarcity have been proven wrong because
a. the world population has unexpectedly decreased.
b. modern humans survive on much less food than those of past eras.
c. developed nations have consistently come to the aid of undeveloped nations.
d. agricultural and economic productivity have kept up with population growth.
d. agricultural and economic productivity have kept up with population growth.
You might also like to view...
Refer to the table above. After applying the second bag of fertilizer, the farmer experienced
A) constant returns. B) diminishing returns. C) increasing returns. D) negative returns.
A decline in autonomous planned investment spending causes the equilibrium level of aggregate output to ________ and shifts the ________ curve to the ________, everything else held constant
A) rise; LM; right B) rise; IS; right C) fall; IS; left D) fall; LM; left
When a nation imposes a blanket standard on imports, it refers to policies that:
A. impose standards imposed on all imports. B. impose standards on specific countries. C. restrict the importation of specific goods. D. All of these are true.
The Fed's countercyclical policy during expansion and prosperity includes:
a. raising the required reserve ratio, raising the discount rate, and selling government bonds on the open market. b. raising the required reserve ratio, raising the discount rate, and buying government bonds on the open market. c. raising the required reserve ratio, cutting the discount rate, and selling government bonds on the open market. d. raising the required reserve ratio, cutting the discount rate, and buying government bonds on the open market. e. lowering the required reserve ratio, cutting discount rates, and buying government bonds on the open market.