Evidence of a negative correlation between income per capita and population growth rates ________
A) implies that birth control is most effective in low-income countries
B) has not been found in the available data
C) is consistent with the Solow model
D) suggests that population growth stimulates technological progress
C
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In order to continue its operations, in the long-run a firm must
a. Charge a price that is equal to its AVC b. Charge a price that is equal to its AFC c. Charge a price that is equal to its AVC + AFC d. Need more information to determine the price
Can bankers create money? a. No, they do not have this power
b. No, unless they have a special charter which permits it. c. Yes, through multiple deposit creation. d. Yes, by printing checks for customers.
In the Keynesian-cross model, if government purchases increase by 100, then planned expenditures ______ for any given level of income.
Fill in the blank(s) with the appropriate word(s).
Once the national health care program goes into effect, we can expect
A) the quantity of health care services supplied will increase. B) total expenditures on health care will decrease. C) more individuals will pay more out of pocket expenses. D) moral hazard will increase.