An increase in per capita income will generally lead to
a. more material goods, but a decline in the quality of the environment.
b. a reduction in life expectancy because working conditions are less desirable.
c. an increase in the number of hours worked by residents.
d. an increase in the living standards of most people.
D
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The economy pictured in the figure has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; A B. recessionary; C C. recessionary; B D. expansionary; A
The income per capita of Country 1 in a certain year was 1,800 in its own currency while that of Country 2 was 32,000 in its own currency
i) If 1 unit of Country 1's currency is worth 6. 5 units of Country 2's currency, which country has a higher income per capita? ii) Which country is likely to have a higher Human Development Index and why?
To be able to price discriminate, a firm must
A) lower prices for all customers. B) raise prices for all customers. C) be able to identify and separate different types of buyers. D) sell a product that can be resold. E) Both answers B and C are correct.
A law that prohibits certain kinds of market behavior such as monopoly and monopolistic practices is called ________
A) a consumer surplus law B) a trust law C) an antitrust law D) an anti-monopoly law