Historically, real income per person:
A. barely changed at all until the 1800s but began to increase after.
B. barely changed at all until the 1500s but began to increase after.
C. has steadily increased at an average rate of 2 percent
D. has barely changed at all worldwide.
A. barely changed at all until the 1800s but began to increase after.
You might also like to view...
Explain whether the statement, "Hillary Clinton was elected President of the United States in 2012," is a normative or positive statement
What will be an ideal response?
You raise your product price by $10 in market A but leave it unchanged in market B. Sales in A fall from 840 to 740 units per week while sales in B rise from 770 to 790 units. The Difference-in-difference estimate of the effect of the price change is:
a. 80 units b. 100 units c. 120 units d. 140 units
Increasing economic growth may be beneficial because
a. mass poverty is a serious problem in the United States. b. most Americans do not have the basic goods and services necessary for a decent life. c. the price level falls only if the economy is growing. d. most of the world is still below the poverty level of income.
When a good is excludable,
a. one person's use of the good diminishes another person's ability to use it. b. people can be prevented from using the good. c. no more than one person can use the good at the same time. d. everyone will be excluded from using the good.