While some economists argue that population growth reduces __________ ?growth, others contend that the opposite is true. The latter economists consequently believe that immigration should be encouraged rather than discouraged.
Fill in the blank(s) with the appropriate word(s).
economic
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The main reason why income per capita and income per worker varies across countries is because ________
A) prices vary across countries B) currencies vary across countries C) productivity varies across countries D) interest rates vary across countries
If the required reserve ratio is one-third, currency in circulation is $300 billion, and checkable deposits are $900 billion, then the currency-deposit ratio is
A) 0.25. B) 0.33. C) 0.67. D) 0.375.
Topic Market failure, Difficulty M, Type RE, Answer c Which of the following is not an example of market failure?
a. Lack of competition. b. Externalities. c. Equilibrium. d. Extreme income inequality.
If the demand for loanable funds shifts to the left, then the equilibrium interest rate
a. and quantity of loanable funds rises. b. and quantity of loanable funds falls. c. rises and the quantity of loanable funds falls. d. falls and the quantity of loanable funds rises.