Which of the following statements is true of Malthus's theory?
A) Malthus suggested that fertility level of the population will remain constant over time.
B) Malthus suggested that the life expectancy of the population will remain constant over time.
C) Malthus suggested that in the long run, income levels will grow exponentially.
D) Malthus suggested that in the long run, income levels will stay at subsistence.
D
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A municipal bond is
a. issued by the federal government.
b. issued by state and local governments.
c. issued by corporations.
d. issued by households.
There is virtually no difference between
A. primary reserves and secondary reserves. B. secondary reserves and required reserves. C. required reserves and primary reserves.
If a firm is producing where MR > MC,
A) the revenue gained by producing one more unit of output exceeds the cost incurred by doing so. B) the revenue gained by producing one more unit of output equals the cost incurred by doing so. C) the revenue gained by producing one more unit of output is less than the cost incurred by doing so. D) the firm is already maximizing profits because revenue is being increased by more than costs.
According to the Pew Charitable Trust methodology for identifying the middle class, for the period from 1971 to 2015, the middle class
A. decreased from 80% to 50% of the population. B. increased from 50% to 80% of the population. C. decreased from 80% to 71% of the population. D. increased from 71% to 80% of the population.