If over a short time a large number of teenagers become old enough to find employment and a much smaller number of people retire, then productivity
a. and real GDP per person rise.
b. rises but real GDP per person falls.
c. falls but real GDP per person rises.
d. and real GDP per person fall.
c
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Which statement is false?
A. If we restrict our imports, our exports will decline. B. Trade restrictions cause economic inefficiency. C. International finance is based on the gold standard. D. None of these statements are false.
An unexpected increase in total spending will cause an increase in GDP:
A. if prices are sticky. B. if prices are fully flexible. C. regardless of whether prices are sticky or fully flexible. D. only if prices are stuck in the long term.
The field of ________ is concerned with externalities.
A. econometric modeling B. game theory C. environmental economics D. macroeconomics
To set a tax rate at the appropriate level to maximize its tax revenues, a government must engage in
A) static tax analysis. B) dynamic tax analysis. C) debt-free tax analysis. D) ad valorem tax analysis.