The case against economic growth is often made using which of the following arguments?
A. Limiting growth will contribute to more income equality across nations.
B. Economic growth will contribute to more economic security, but it will also produce more boring life styles.
C. Economic growth permits us to "make a living," but it does not provide us with "the good life."
D. Common property resources need to be protected by the price system.
Answer: C
You might also like to view...
"Allocative efficiency requires that the maximum number of people have access to all of the goods and services that our economy produces." Is this statement true or false? Explain your answer
What will be an ideal response?
Which of the following would be included in GDP?
a. Production of computers by IBM in Japan b. The value of a car. c. The commission on the sale of your house. d. The value of childcare provided at home by the child's mother.
Increases in product prices shift the consumer's:
A. budget line to the right. B. budget line to the left. C. indifference curves to the left. D. indifference curves to the right.
One disadvantage of the pre-1914 gold standard was that
A. pressures to adjust were placed mainly on countries in payments deficit situations, and not on countries in surplus. B. slow expansion of the world's gold stock led to too much inflation in the prices of products other than gold. C. internal prices of economies being rigid, there arose uncertainty in the international trade. D. central banks often changed their announced gold prices to achieve competitive devaluations.