Real GDP per capita and other alternative measures of the quality of life are:
A. independent.
B. directly correlated.
C. poorly correlated.
D. inversely related.
Answer: B
You might also like to view...
An increasing federal budget deficit will ________ the federal government debt as this will ________ the total value of U.S. Treasury bonds outstanding
A) increase; increase B) increase; decrease C) not impact; not change D) not impact; be offset by
Which of the following is a possible impetus for a banking panic?
a. An individual bank fails. b. A large, very important bank fails. c. Congress increases the amount of demand deposits that are protected by insurance. d. Banking rules change to make it harder for banks to make bad loans. e. Changes in the discount rate.
If the percentage change in quantity is equal to the percentage in price, demand is said to be unit elastic
a. True b. False Indicate whether the statement is true or false
A firm produces and sells two goods, A and B. Good A is known to have many close substitutes; good B makes up a significant portion of most families' budgets. A price increase for each good would most likely cause total revenues for good A to:
A. increase, and total revenues for good B to increase. B. increase, and total revenues for good B to decrease. C. decrease, and total revenues for good B to decrease. D. decrease, and total revenues for good B to increase.