Rapid population growth in Malthus's theory is constrained through:
A) higher fertility and reduced mortality. B) reduced fertility and higher mortality.
C) higher fertility and mortality. D) reduced fertility and mortality.
B
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Economic growth can be shown by ____________________ production possibilities curve.
A. an outward shift of the B. an inward shift of the C. a movement from one point to another along the D. a movement to a point inside the
When the marginal propensity to consume (MPC) increases
A) the average propensity to save remains unchanged. B) the multiplier remains unchanged. C) the multiplier decreases. D) the multiplier increases.
An appreciation of the U.S. real exchange rate induces U.S. consumers to buy
a. fewer domestic goods and fewer foreign goods. b. more domestic goods and fewer foreign goods. c. fewer domestic goods and more foreign goods. d. more domestic goods and more foreign goods.
Refer to the above table. If the price is $6 the maximum profit this firm could earn is
A. $210. B. $420. C. $630. D. $414.