The emphasis on the importance of advances and dissemination of knowledge is a cornerstone of the
A. Logistics development theory.
B. Neo-Keynesian school.
C. Malthusian school.
D. New growth theory.
Answer: D
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Which of the following statements is true?
A) Household production is counted in GDP as it amounts to real production. B) GDP growth distributes income equally to people in the economy. C) GDP accounting rules do not adjust for production that pollutes the economy. D) A decrease in the crime rate increases GDP as people will spend more on security.
The program of unemployment insurance in the United States was created during the
a. Great Depression. b. Reagan recession. c. Kennedy administration. d. Great Society.
Compared to the 1910-1960 period, during the past 50 years the severity of macroeconomic fluctuations has
a. increased. b. decreased. c. changed little. d. increased, but the general level of prices has been more stable.
Consumer surplus in the unregulated monopoly market in the figure below is: 
A. $8. B. $4. C. $0. D. $16.