Global resource demand has:
A. remained relatively constant because increases in population have been offset by declining
consumption per person.
B. declined because of technological progress.
C. remained constant because population growth and increased consumption per person
have been offset by technological progress.
D. increased because population growth and increased consumption per person have more
than offset reduced demand due to technological progress.
Answer: D
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The more generous unemployment benefits are, the ________ the unemployment rate remains and the ________ the time frame people tend to remain unemployed
A) higher; longer B) higher; shorter C) lower; longer D) lower; shorter
In the above table, the number of marginally attached workers is
A) 40 million. B) 55 million. C) 15 million. D) 100 million.
Limited commitment means
A) one cannot credibly promise something. B) one saves only part of what is optimal. C) only some households are allowed to save. D) there is rationing on the credit market.
Some people oppose deficit spending because it:
A. crowds out private investment. B. violates the cost-benefit principle. C. leads to rent seeking. D. promotes logrolling.