Increasing productivity in a society
A. always results in a better quality of life as society views it.
B. can never make a nation poorer.
C. guarantees that personal services will cost less.
D. makes improved personal services available to everyone.
Answer: B
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The demand for durable goods
A) declines by a greater percentage than does GDP during a recession. B) declines by a smaller percentage than does GDP during a recession. C) rises by a greater percentage than does GDP during a recession. D) has decreased over time.
Which of the following is not one of the three fundamental economic questions?
a. What happens when you add to or subtract from a current situation? b. For whom to produce? c. How to produce? d. What to produce?
An economy that is in equilibrium and operating below its full-employment capacity must be experiencing a(n)
a. inflationary period b. recessionary gap c. a surplus budget outcome d. market correction e. inflationary gap
A "single tax" on land was proposed in the nineteenth century by
a. Lloyd George. b. Henry George. c. George Washington. d. George Sands.