Increasing the growth rate of GDP per capita and sustaining this growth rate in an economy can
A) increase the level of poverty. B) lower life expectancy.
C) increase infant mortality. D) increase standards of living.
D
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Refer to Scenario 5.9. The value to Torrid Texts of complete information is
A) $0.25 million. B) $0.5 million. C) $1 million. D) $14.75 million. E) $30 million.
Tax incidence refers to
A) determining who sends the taxes into the government. B) the tendency of some people to avoid paying taxes at all. C) the distribution of tax burdens among groups, or who really pays a tax. D) determining the marginal tax rate applied to any increase in income.
In a perfectly competitive market, long-run equilibrium requires which of the following?
a. Allocative efficiency and productive efficiency b. Allocative efficiency and zero profits c. Productive efficiency and zero profits d. Productive efficiency and elasticity
The demand for labor is:
a. featherbedding demand. b. All of the answers are correct. c. marginal utility demand. d. derived demand.