Evidence presented in the text suggests that birthrates among developing countries are lower with
(a) higher growth.
(b) higher inequality.
(c) higher GNP per capita.
(d) all of the above.
A
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In the analysis of figure 11.2, discrimination leads to shifts in the demand curve for labor
Indicate whether the statement is true or false
When externalities exist, economic efficiency is achieved when marginal private benefit equals marginal private cost
a. True b. False Indicate whether the statement is true or false
If the monetary authorities persistently expand the money supply at a rapid rate, the probable result will be: a. inflation
b. low nominal interest rates. c. rapid growth of real GDP. d. all of the above.
Classical economists believed that the best governmental policy is no policy at all
Indicate whether the statement is true or false