Is there evidence that an increase in per capita income stimulates population growth?
What will be an ideal response?
No. This is an assumption of the Malthus trap but one not borne out by the evidence.
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A change in ________ results in a movement along the short-run aggregate supply curve but does not shift the short-run aggregate supply curve
A) the money wage rate B) technology C) the quantity of capital D) the price level
Many state governments use lotteries to raise revenue. If a lottery is viewed as a tax, is it most likely a progressive tax or a regressive tax?
What information would you need to determine whether the burden of a lottery is progressive or regressive?
Leontief explained his findings by arguing that U.S. labor is more efficient than their foreign counterparts
Indicate whether the statement is true or false
Steel producers offer to sell steel to U.S. auto producers at a much lower price than in the past. As a result one would expect: a. no change in the supply of automobiles
b. an increase in the demand for automobiles. c. an increase in the supply of automobiles. d. a decrease in the supply of automobiles.