Most economists view economic growth as:
A. good for the environment because richer economies spend more on environmental
protection.
B. bad for the environment because richer economies extract resources at a faster rate.
C. good for the environment because richer economies produce fewer chemicals.
D. bad for the environment because people in richer economies tend to care less about the
environment.
Answer: A
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Government assistance to workers whose employment prospects have worsened is called:
A. the minimum wage. B. worker mobility payments. C. transition aid. D. social security.
________ occurs when a central bank purchases assets with the intention not of lowering the short-term interest rate, which is already at zero, but with the purpose of increasing bank reserves
A) Quantitative easing B) Fiscal incrementing C) Loan originating D) Fiscal easing
If the price of a good is equal to the equilibrium price,
a. there is a surplus and the price will rise. b. there is a surplus and the price will fall. c. there is a shortage and the price will rise. d. there is a shortage and the price will fall. e. the quantity demanded is equal to the quantity supplied and the price remains unchanged.
Which of the following is a valid concern about federal budget deficits?
A. The welfare of future generations will be directly related to the per-capita size of the national debt that they inherit. B. Growth of the national debt will eventually lead to the bankruptcy of the government. C. When the debt comes due, future generations may be unable to pay it off. D. If the increases in the national debt reduce private expenditures on capital formation, aggregate demand is reduced.