Over the period from 1870 to 2010, the growth of real GDP per capita tended to be more rapid between ________, particularly for ________.
A. 1870-1950; the United States
B. 1950-2010; Japan
C. 1870-1950; Canada
D. 1870-1950; Japan
Answer: B
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When crowding out occurs in an economy, it can reduce expenditures for
A. business investments.
B. both consumer purchases and business investments.
C. consumer purchases.
D. government purchases.
Describe the trend in the rate of productivity from 1973 to 1995 and then from 1995 to 2012.
What will be an ideal response?
Refer to the graph shown. If the monopoly firm maximizes profit, it will produce:
A. 25 units of output and charge a price of $2.50 per unit. B. 30 units of output and charge a price of $2.00 per unit. C. 15 units of output and charge a price of $3.50 per unit. D. 15 units of output and charge a price of $2.00 per unit.
What kind of table lists the quantity of a good that an individual person will buy at different prices?
a. demand schedule b. demand curve c. market demand schedule e. market demand curve