As more economic development occurs
A. technological progress slows.
B. capital accumulation decreases.
C. the population growth rate increases.
D. the population growth rate decreases.
Answer: D
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An evaluation of relative risk is known as
a. risk-benefit analysis c. benefit-cost analysis b. comparative risk analysis d. de minimis risk
What was the Industrial Revolution? How did it contribute to modern economic growth?
What will be an ideal response?
Which of the following is likely to happen if the government raises tax rates?
A) Unemployment will fall. B) Investment will increase. C) Price level will rise. D) Consumption will decrease.
If price increases and the quantity purchased increases, we know that
A) supply increased. B) supply decreased. C) demand increased. D) demand decreased.