If rapid population growth reduces the amount of capital per worker, thereby lowering labor productivity, it is referred to as:
a. age dependency.
b. capital budgeting.
c. investment diversion.
d. capital disinvestment.
e. capital shallowing.
e
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When moving along a market demand curve, the prices of related goods are assumed to be constant. With an aggregate demand curve,
A. the assumption is meaningless because we are using a market basket for all goods and services. B. the prices of related goods have an inverse relationship. C. all goods are assumed to have the same price. D. the same assumption holds true.
The locus of points representing the minimum unit cost of producing any given rate of output is the
A. short-run total cost curve. B. long-run average cost curve. C. short-run average total cost curve. D. long-run marginal cost curve.
Which of the following is a completely clean energy source?
A. coal B. nuclear C. solar D. none of these choices is correct
Which of the following will tend to make oil extraction more economical?
A) rising oil prices B) additional oil exploration C) conservation measures D) development of oil substitutes