If population is expanding at the same rate as real output:
A. real per capita output will increase.
B. real per capita output will decrease.
C. real per capita output will remain unchanged.
D. living standards will increase.
C. real per capita output will remain unchanged.
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The effect of an import quota is
A) to shift the supply curve up by the amount of the quota. B) to lead to a decrease in demand. C) to make the supply curve vertical at the amount of the quota. D) to make the supply curve horizontal at the amount of the quota.
Endangered species are likely to be
A) private property. B) common property. C) both private and common property. D) neither private nor common property.
The marginal revenue curve of a monopolist coincides with its average revenue curve
a. True b. False Indicate whether the statement is true or false
The major reason for the twists, turns, and spurts in the economy's growth path, according to real business cycle theorists, is
a. interest rate fluctuations b. wars c. housing shortages d. a climatic change e. year to year changes in the pace of technological change