If a country's annual growth rate is 2%, then its output will double in approximately ____ years
a. 2
b. 10
c. 25
d. 35
d
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The long-run aggregate supply curve is ________ because along it, as prices rise, the money wage rate ________
A) vertical; falls B) vertical; rises C) upward sloping; falls D) upward sloping; stays constant
If new firms enter a cartel market, the probability that the cartel will survive ________ if the cartel ________.
A) increases; includes or excludes the new firms from the agreement B) increases; excludes the new firms from the agreement, but not if the cartel includes the new firms C) decreases; excludes the new firms from the agreement, but not if the cartel includes the new firms D) decreases; includes or excludes the new firms from the agreement
Antitrust problems rarely appear in competitive markets
Indicate whether the statement is true or false
Outline the possible work disincentives created by anti-poverty programs. Is there a way to solve this problem without causing other forms of inefficiency to arise? Explain your answer