In general, a greater population growth rate means ______.
a. lower capital stock per worker
b. greater economic growth
c. a higher standard of living
d. fewer diminishing marginal returns
a. lower capital stock per worker
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Which of the following is a disadvantage of trademarking a firm's product?
A) A trademark may become so widely used to denote a particular type of product that the trademark may no longer be a legally protected brand name. B) A trademark conveys information about the product to the public. C) A trademark differentiates a firm's product. D) A trademark does not affect demand for the firm's product.
Disposable personal income:
a. includes personal income taxes. b. excludes personal income taxes. c. excludes transfer payments. d. is income spent for personal items such as homes and cars.
Which of the following will most likely occur in the short run if long-run equilibrium is disturbed by an unanticipated decrease in aggregate demand?
a. a decrease in output and a higher price level b. an increase in output and a higher price level c. a decrease in output and a lower price level d. an increase in output, while prices remain unchanged
To stimulate economic growth, it would be best if developing countries adopted policies to:
A. Discourage foreign investment B. Subsidize state industries C. Build more human capital D. Increase population growth