Explain the two basic mechanisms that increase GDP per capita over the long term
What will be an ideal response?
The two basic mechanisms are capital deepening, meaning increases in an economy's stock of capital relative to its work force, and technological progress, which results in an economy operating more efficiently.
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With respect to diffusion of responsibility,
A) the larger the group, the more likely that any one individual will act. B) the larger the group, the less likely that any one individual will act. C) the size of the group has no bearing on the likelihood of any one individual to act. D) individuals are likely to take no action only if the group of individuals is small.
A firm's trademark is protected from misuse if it is registered with the
A) U.S.D.A. B) U.S. Patent and Trademark Office. C) U.S. Supreme Court. D) F.C.C.
A disadvantage of the Earned Income Tax Credit (EITC) program is that it does not help alleviate poverty due to unemployment, sickness, or other inability to work
a. True b. False Indicate whether the statement is true or false
Referring to Figure 34.2, the number of tickets that this promoter will choose to sell will 
Figure 34.2
A. sell out the facility and will be more than capacity. B. be more than capacity. C. be such that there are many empty seats. D. sell out the facility.