Which of the following did Thomas Malthus believe would make sustained economic growth and the achievement of high income levels impossible?
a. rapid growth of government spending
b. the expansion of political democracy
c. the expansion of communism to the developed world
d. growth of population
D
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Fill in the blank: When a chooser asks herself "Is it worth it?," she is trying to evaluate the ________ of a particular project or plan of action
A) technical efficiency B) objective efficiency C) economic efficiency D) engineering efficiency
In a price-taker market, profits are
a. the result of consumers being charged arbitrarily high prices. b. a reward for creating value. c. the result of barriers to entry into the market. d. a signal that fewer resources are needed in a market.
In developing countries, it can be expensive and time-consuming for the poor to legalize their property ownership. Without legal title, the property cannot be used as ________ to borrow funds
A) collateral B) points C) interest D) restrictive covenants
Which of the following statements regarding the consumer price index and the GDP deflator is correct?
a. The two price measures are always equal. b. Divergence between the two price measures is the rule, not the exception. c. Divergence between the two price measures is the exception, not the rule. d. None of the above is correct.