Which of the following will happen if the GDP of a country increases and the population remains constant?
A) Income per capita will remain constant. B) Income per capita will increase.
C) Unemployment rate will increase. D) Gross national product will decrease.
B
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Two Harvard economists, Robert Barro and Rachel McCleary, have researched the role that ________________ plays in economic growth
A) religion B) meta-ideas C) technology D) human resource development
Economies of scale and specialization are characteristics of
A. comparative and absolute advantage B. factors of production C. economics of scale D. call centers in India
In 2011, the official poverty line for a household of four in the United States was:
A. $22,891. B. $29,494. C. $11,702. D. $26,803.
Historically, price discrimination was considered illegal in all instances. More recently, antitrust authorities have discovered that
A) price discrimination can increase the coverage of a market thereby increasing welfare. B) price discrimination limits the coverage of a market thereby increasing welfare. C) price discrimination limits the coverage of a market thereby decreasing welfare. D) price discrimination can increase the coverage of a market thereby decreasing welfare.