As per capita GDP has risen over time in the United States and other countries, the
What will be an ideal response?
amount of leisure time increased
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If Matt's disposable income increases from $4,000 to $4,500 and his level of saving increases from $200 to $325, it may be concluded that his marginal propensity to:
A. save is 0.30. B. consume is 0.80. C. consume is 0.75. D. save is 0.60.
The above figure shows the payoff to two airlines, A and B, of serving a particular route. If the two airlines must decide simultaneously, what will happen if the government offers a $30 subsidy to airlines that serve this route?
A) Both firms will enter profitably. B) Firm A will decide not to enter since firm B will. C) Firm B is still better off not entering. D) Neither firm will have a dominant strategy.
The use of money as a common denominator to sum the output of into a meaningful measure of GDP creates a problem because....
What will be an ideal response?
A change in the price of a product will change the supply of that product.
Answer the following statement true (T) or false (F)