Which of the following will cause a reduction in current consumption?
A) a reduction in current disposable income
B) a reduction in financial wealth
C) a reduction in human wealth
D) all of the above
E) both B and C
D
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The biggest flaw in the logic of the labor argument is the failure to consider
A) the needs of developing countries. B) the impact of tariffs on inflation. C) the differences in national productivity levels. D) the impact on employment levels.
Assume that a country has had a relatively steady growth of aggregate real GDP. A higher population growth tends to
A) increase the level of economic freedom. B) increase the level of dead capital. C) increase the growth of per capita real GDP. D) reduce the growth of per capita real GDP.
The ________ states that in an ordinary election between two candidates, the candidates will position themselves in such a way that their platforms reflect the views of the voter in the middle
Fill in the blank(s) with correct word
Refer to Table 2-13. What is Horace's opportunity cost of bathing a cat?
A) one and a half groomed dogs B) two groomed dogs C) two-thirds of a groomed dog D) half a groomed dog