What role does population growth play in economic development?
Rapid population growth creates a high dependency ratio and requires substantial investment of resources in health, education, and training. These resources could alternatively have been invested in physical capital and infrastructure to promote the growth of GDP.
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Assortative mating means that
A) poor women and rich men tend to marry. B) rich women and rich men tend to marry. C) rich women and poor men tend to marry. D) there are limited incentives to marry anyone.
Demand for a good is likely to be less elastic
a. the more narrowly defined the good is b. the larger the good's share of the buyer's budget c. in the long run than in the short run d. the smaller the number of substitute goods available e. at high prices
If the U.S. interest rate is 4% per year and the U.K. interest rate is 9% per year, which of the following statements is TRUE?
a. The dollar will depreciate 4% in one year. b. The pound will depreciate 9% in one year. c. The pound will appreciate 5% in one year. d. The dollar will appreciate 4% in one year.
Which one of the following is part of our money supply?
A. Gold B. A credit card C. NOW accounts D. A personal check