The world's population is increasing for many reasons. Which reason seems plausible, but is NOT currently contributing to population growth?
a. increased agricultural productivity
b. increased birth rates
c. decreased mortality rates
d. improvements in health care
b. increased birth rates
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Which of the following would not shift the aggregate demand curve?
A. Income tax rates B. Real interest rates C. Productivity rates D. Foreign-exchange rates
Suppose that for Mali, the marginal utility of a steak sandwich is 40 utils, and the marginal utility of a chicken parmesan sandwich is 30 utils. The price of steak sandwich is $6.00. The price of a chicken parmesan sandwich is $4.50. What can you conclude from this information?
a. Mali will be more inclined to purchase a steak sandwich. b. Mali will be more inclined to purchase a chicken parmesan sandwich. c. Mali is in consumer equilibrium regarding steak and chicken parmesan sandwiches. d. Mali cannot rationally decide which sandwich to buy.
Figure 34-7
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In Figure 34-7, AB represents the production possibilities of Pestoland and CD that of Pastaland. The graph indicates Pestoland has an absolute
A. advantage in both pesto and pasta. B. and comparative advantage in both pesto and pasta. C. advantage in both goods, but a comparative advantage only in pesto. D. advantage in pesto only and a comparative advantage only in pasta.
The rate at which banks can borrow excess reserves from other banks is equal to
A. the required reserve ratio. B. the interest rate paid on reserves held with the Fed. C. the discount rate. D. none of these.