Growth in GDP per capita is only possible if growth in _______ exceeds growth in _______.
A. Employment; output
B. Output; prices
C. Prices; employment
D. Output; population
D. Output; population
You might also like to view...
Compared with industrialized economies, most developing countries are poor in the factors of production essential to modern industry: These factors are
A) capital and skilled labor. B) capital and unskilled labor. C) fertile land and unskilled labor. D) fertile land and skilled labor. E) water and capital.
Refer to the table below. If at the current advertising level, A = $9,800, B = $15,200, and C = $8,000, to maximize profit, which of the following should the firm do?
The table above shows the current costs for a firm to advertising on the radio, television, and newspaper.
A) The firm should decrease its advertising on the radio and increase its advertising in newspapers.
B) The firm should decrease its advertising on the television and increase its advertising in newspapers.
C) The firm should increase its advertising on the television and decrease its advertising in newspapers.
D) The firm should decrease its advertising on the radio and increase its advertising on television.
The unemployment rate:
a. Tends to be more stable than the employment rate. b. Has more reliable components (in terms of measurability) than the employment rate. c. Always falls when the employment rate rises. d. Always rises when the employment rate rises. e. Is considered to be a poorer measure of business cycle activity than the employment rate.
Years ago, thousands of country music fans risked their lives by rushing to buy tickets for a Willie Nelson concert at Carnegie Hall. This behavior indicates
a. the ticket price was above the equilibrium price. b. the ticket price was below the equilibrium price. c. the ticket price was at the equilibrium price. d. nothing about the equilibrium price.