Growth in GDP per capita will be achieved when
A. The government allows tax credits for companies who invest in research and development.
B. GDP grows faster than the population.
C. Labor demand decreases substantially while labor supply increases slightly.
D. Investment is equal to saving.
Answer: B
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If the marginal external cost of building a children's playground equals zero, then the
A) marginal private cost equals the marginal social cost. B) marginal social cost equals zero. C) marginal private cost equals zero. D) None of the above answers is correct.
According to the law of supply:
a. more of a good is desired by consumers as the price falls. b. less of a good is desired by consumers as the price rises. c. more of a good will be offered by suppliers as the price rises. d. less of a good will be offered by suppliers as the price rises.
Given an upward sloping supply curve, the more inelastic is demand, the greater the fraction of the burden of taxation that is borne by consumers
a. True b. False Indicate whether the statement is true or false
Which of the following was not a criticism of the unconventional monetary policy used by the Fed in 2009 and 2010?
a. tendency towards higher unemployment b. tendency towards higher inflation c. usurping authority which should be allocated to Congress d. determining which banks would be allowed to fail