The decision to smoke cigarettes is not subject to present bias because the health risks of smoking cigarettes are widely known.
Answer the following statement true (T) or false (F)
False
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Which of the following correctly identifies a Malthusian cycle?
A) Increase in GDP would increase GDP per capita above subsistence, which will cause an increase in the size of population which would increase pressure on resources and eventually reduce GDP per capita. B) Increase in GDP would increase GDP per capita above subsistence, which will cause a decrease in the size of population that would reduce pressure on resources and increase GDP per capita further. C) Decrease in GDP would decrease GDP per capita below subsistence, which will cause an increase in the size of population which would increase pressure on resources and eventually reduce GDP per capita. D) Increase in GDP would increase GDP per capita above subsistence, which will cause an increase in the size of population that would increase pressure on resources and that would further increase GDP per capita.
Which of the following influences people's buying plans and does not shift the demand curve?
A) the price of the good B) the prices of related goods C) income D) preferences
Only one out of five families that fall into poverty in one year are out of poverty in the following year
Indicate whether the statement is true or false
Trade between countries should be
A) encouraged for developed countries but not for developing countries. B) encouraged for both developed and developing countries. C) discouraged for developed countries but encouraged for developing countries. D) discouraged for both developed and developing countries.