The growth rate of real GDP per person in the United States has
A) averaged approximately 2 percent per year over the past century.
B) has consistently been 2 percent per decade over the past century.
C) has been the highest in the world over the past 5 decades.
D) has increased every year over the past century.
A
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The wage gap between ________________ workers has gotten closer since 1970, but the wage gap between ____________ workers has stayed fairly stagnant over the same time period.
a. immigrant and nonimmigrant/male and female b. male and female/black and white c. unionized and nonunionized/black and white d. immigrant and nonimmigrant/unionized and nonunionized
Which of these arises when an individual listens to loud music late in the night?
a. An externality b. The free-rider problem c. An asymmetric information problem d. The common-pool problem
The benefit that government receives from a tax is measured by
a. deadweight loss. b. consumer surplus. c. tax incidence. d. tax revenue.