Average growth rates of per capita income were close to zero, on average, prior to the Industrial Revolution
a. True
b. False
Indicate whether the statement is true or false
True
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Your income will increase if the Federal Reserve buys a Treasury bill from you and pays you with a check from the Fed
Indicate whether the statement is true or false
A newspaper reports that the average price of new homes in a certain city had decreased, and the number of new homes sold had also decreased. This situation is probably caused by:
A. Declining costs of construction materials and services in that city B. Declining incomes of people in that city C. Higher government subsidies to new homebuyers in that city D. A rising population in that city
Critics of economic growth say that it will deplete economic resources.
Answer the following statement true (T) or false (F)
In the spring, I enjoy the fragrance coming from my neighbors' flowers. The fragrance is is an example of
A) a negative externality. B) a private good. C) the need for antitrust legislation. D) a free rider problem.