Which of the following is correct?
a. There is no debate about the effects of higher population growth on economic growth.
b. Natural resources clearly place limits on growth; there is simply no way to reduce either the amount or type of natural resources needed to produce goods.
c. How much an increase in capital increases a country's output is independent of that country's current level of capital.
d. Economists argue that outward rather than inward policies are likely to promote economic growth.
d
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Many ecologists argue that several species of whales are close to extinction. If this is TRUE, the reason is
A) inadequate enforcement of international laws. B) whales are a type of common property. C) the marginal benefit of hunting and killing a whale is greater than zero. D) whale-killing technology is too productive.
Taxes collected by businesses and sent to the government are:
a. indirect business taxes. b. direct business taxes. c. corporate income taxes. d. personal income taxes.
Which two pieces of legislation were passed in 1914?
a. Sherman Antitrust and Clayton Act b. Clayton Act and Robinson-Patman Act c. Robinson-Patman Act and Celler-Kefauver Act d. Clayton Act and Federal Trade Commission Act e. Sherman Antitrust Act and Federal Trade Commission Act.
_________________: Presence of govt causes too much/not enough of a good to be produced.
Fill in the blank(s) with the appropriate word(s).