Over the past two decades, total and per capita water use in the United States have:
A. both increased.
B. leveled off and fallen, respectively.
C. fallen and leveled off, respectively.
D. increased and fallen, respectively.
Answer: B
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What will be an ideal response?
Tina Eckstrom and her husband bought a deferred annuity in 1954 that started paying them $700 a month in retirement benefits in 1994 . During the 40 years period, the price level rose 3.2 percent per year. Since 1994, the price level has risen 3.0 percent per year. They, along with millions of other people who live on fixed incomes, are examples of
a. those who are responsible for inflation b. people who gain from inflation c. people who lose from inflation d. the paradox of thrift e. underemployed persons
If the central prediction of the Solow Growth Model is valid,
A. per capita Real GDP differences among nations will diminish. B. per capita Real GDP differences among nations will increase. C. population growth rates in rich countries will increase. D. economic freedom as measured by the Heritage Foundation Index will decrease.
With regard to international trade,
A. The production possibilities exceed the consumption possibilities. B. Some countries do not have a comparative advantage in producing anything. C. The market mechanism determines the terms of trade. D. Rich countries benefit at the expense of poor countries.