The Rybczynski theorem suggests that development of a new natural resources in a country
A. may cause the country to export only manufactured products.
B. may cause the manufacturing sector of the country to shrink.
C. will result in balanced growth.
D. will increase output in all sectors of the economy.
Answer: B
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In 1970 the Social Security tax rate was ______ and had increased to ______ by 2012.
A. 0.84%; 0.124% B. 12.4%; 8.4% C. 8.4%; 12.4% D. 84%; 124%
Refer to the information provided in Figure 2.6 below to answer the question(s) that follow.
Figure 2.6Refer to Figure 2.6. If the economy is at ppf1, a change in consumer preferences would be shown by a
A. movement along ppf1. B. movement along ppf2. C. shift from ppf1 to ppf2. D. shift from ppf2 to ppf1.
The table above shows the marginal private benefit, marginal social benefit, and marginal cost of education at the College of Epsilon. What is the efficient number of students at the college?
A) 1,000 B) 3,000 C) 4,000 D) 5,000
In the United States, GDP has grown slower than the population since 1870
a. True b. False Indicate whether the statement is true or false