When we compare poor and rich countries in the world
A) There is much greater dispersion in growth rates in per capita income for the poor countries than for the rich countries.
B) The investment rate is higher for poor countries than for rich countries.
C) There is much greater dispersion in growth rates in per capita income for the rich countries than for the poor countries.
D) Population growth rates are higher in rich countries than in poor countries.
A
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Economies of scale were initially seen between
A) 1800 and 1840. B) 1970 and 1980. C) 1840 and 1910. D) none of these choices.
The Federal Reserve may choose to monetize the debt in order to
a. reduce the burden of the national debt. b. shift the supply curve of money outward. c. shift the demand curve for money inward. d. reduce the volume of reserves in commercial banks.
Suppose a wallet firm has been dumping its wastes into the local river. The government finds out and insists that the firm pay for the cost of the river cleanup. As a result, we can expect:
A. more wallets to be produced at a lower price. B. more wallets to be produced at a higher price. C. fewer wallets to be produced at a lower price. D. fewer wallets to be produced at a higher price.
In monopolistic competition, modest changes in the output or price of any single firm will have no significant influence on the sales of other firms.
Answer the following statement true (T) or false (F)