Which of the following is a possible outcome of austerity policies?
A. Decrease in economic activity
B. Increase in employment opportunities
C. Decrease in budget deficits
D. Increase in tax revenues
Answer: A
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The economy will grow from points B to G in Figure 10-3 above over time because
A) per person saving and steady state investment will remain stable at points C and D respectively. B) per person capital will grow, point D to E since per capita savings exceed steady state investment, point C is greater than point D. C) per person capital will grow, point D to E since per capita savings is less than steady state investment, point C is greater than point D. D) per person saving and steady state investment will remain stable at points D and C respectively.
The industrial revolution began around the year _____.
A. 1650 B. 1750 C. 1850 D. 1950
When it comes to figuring out who wants to be an organ donor, the answer depends on:
A. the default rule. B. whether presumed consent exists in the organ donation program. C. how you ask the question. D. All of these statements are true.
Refer to the information provided in Figure 3.12 below to answer the question(s) that follow.
Figure 3.12Refer to Figure 3.12. The supply curve for hula hoops shifts from S1 to S0. This could be caused by
A. a decrease in the number of firms selling hula hoops. B. a decrease in the cost of producing hula hoops. C. a decrease in the demand for hula hoops. D. a decrease in the price of hula hoops.