Is measured as the percentage chnage in real per capita GDP
What will be an ideal response?
economic growth
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Which of the following would lead to a decrease in the supply of crude oil?
A) Favorable tax breaks for oil companies B) An increase in the demand for crude oil C) An increase in the price of gasoline D) Both A and C. E) None of the above.
If on a given product indifference curve, a firm is using an insufficient (nonoptimal) amount of one of its inputs,
A. output will be below optimal. B. the MRP of the input will be below its price. C. costs will not be minimal. D. relative input prices need to change.
Pollutants are not harmful if they are degradable in water
Indicate whether the statement is true or false
M1 consists primarily of cash in the hands of the public and:
A. savings account balances. B. certificates of deposit. C. commercial paper. D. checking account deposits.