The strict definition of economic growth that serves to increase living standards is
A. an increase in investment per capita.
B. an increase in nominal GDP per capita.
C. an increase in capital accumulation per capita.
D. an increase in real GDP per capita.
Answer: D
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During the 1980s, Harley-Davidson, the American motorcycle maker asked Congress for tariff protection from large motorcycles imported from Japan
Harley-Davidson argued that their company needed protection so the company could reorganize and, after some time had passed, could become more competitive. Harley-Davidson's argument is similar to the ________ argument for protection. A) anti-dumping B) save domestic jobs C) infant-industry D) national security E) bring diversity and stability
The chief executive officer of a monopoly firm gives a directive to his production managers to maximize the per unit profit for the upcoming fiscal year. Evaluate the economic wisdom of this advice
What will be an ideal response?
Why does the U.S. government most likely distribute military spending to bases across the country?
a. To encourage support of defense spending b. To limit the power of defense contractors c. To meet the demands of special interest groups d. To ensure that defense budgets are adequate
Refer to the graph below. Stagflation in the short run is best represented as resulting from a shift of:
A. AD1 to AD2 given a stable AS1 curve
B. AD2 to AD1 given a stable AS1 curve
C. AS1 to AS2 given a stable AD1 curve
D. AS2 to AS1 given a stable AD1 curve