During the 1990s, which of the following experienced the slowest rate of growth in real GDP per person?
A) Japan
B) The big 4 nations of Europe
C) United States
D) Canada
A
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Countries of the world differ in terms of their
A) geographic size. B) population size. C) standards of living. D) All of the above.
During the Great Depression, Tobin's q
A) rose dramatically, as did real interest rates. B) fell to unprecedentedly low levels. C) stayed fairly constant, in contrast to most other economic measures. D) rose only slightly, in spite of Hoover's attempts to prop it up.
Refer to the table below. If the cost per unit of advertising is constant at $750, what is the level of advertising per week that maximizes the industry joint profit?
Suppose the egg industry is made up of only the three farms above; Happy Chickens, Special Chickens, and Superior Chickens.
A) 4
B) 2
C) 3
D) 1
If the substitution effect is always greater than the income effect, then an individual's labor supply curve will
a. bend backward b. always have a positive slope c. always have a negative slope d. be vertical e. be horizontal