In contrast to development, growth refers to an increase in:
A. output with no change in productive capacity.
B. output brought about by an increase in inputs.
C. output brought about by a change in the production function.
D. productive capacity with no change in output.
Answer: B
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Which of the following is an explicit cost of migration?
A. Wages a worker gives up when they leave their home country B. Adapting to a new culture C. Paying application fees D. The stress of looking for a job in a new country
An economy operating its plant and equipment at full capacity implies a capacity utilization rate of
A. 40 percent. B. 70 percent. C. 85 percent. D. 100 percent.
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
Answer the following statement(s) true (T) or false (F)
1. Within the process of risk assessment, the description of expected risk, how that risk was assessed, and those areas needing policy decisions is collectively known as exposure assessment. 2. The objective of risk management is to both identify risk and to respond to it. 3. The only level of “acceptable” risk to society is a risk level of zero. 4. De minimis risk identifies the point at which risk is set to zero. 5. According to the textbook application, exposure to radon gas is an example of a voluntary risk.