Which of the following nations has a total fertility rate that would suggest that its next generation will only be half the size of the current generation?
A. Hong Kong.
B. Australia.
C. Sweden.
D. All of these nations.
Answer: A
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Refer to Figure 5-1. Marginal private benefit is represented by which curve?
A) D2 B) D1 C) Supply D) All of the above represent marginal private benefit.
Explain whether you agree or disagree with the following statement: "The reason that inflation is bad is because it increases the cost of living—the costs of goods and services we buy—without increasing income in general."
What will be an ideal response?
Private investment as a share of the economy tends to be higher in countries
a. with low levels of economic freedom. b. with high levels of economic freedom. c. with economic freedom ratings near zero. d. that have experienced a sharp reduction in economic freedom during the most recent decade.
If tax revenues are used to help people, then how does a tax create a deadweight loss?
What will be an ideal response?