The anti-growth view:
What will be an ideal response?
-Growth causes pollution, global warming,...
-better living may not imply the good life
-high growth creates high stress
-high growth rates are not sustainable
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Assume the demand function for a particular good can be written as P = 150 - 6Q. When P = 12, the point elasticity of demand equals 2.08
Indicate whether the statement is true or false
What is the difference between a sterilized and non-sterilized central bank intervention in the foreign exchange market?
What will be an ideal response?
An innovation cycle could be caused by
a. a decreasing capital stock b. a sharp increase in national income c. a climatic change d. a sharp increase in the pace of technological change e. a decrease in the demand for housing
Mark owns a ranch in Colorado that costs $3.76 million per year to operate. Of that, his explicit cost equals $3.29 million. Therefore his actual monetary cost of running the ranch is:
a. $3.29 million. b. over $7 million. c. $470,000. d. $3.76 million.