If a country's population growth rate exceeds the growth rate in its GDP, which of the following is true?
a. Per capita GDP is rising.
b. Per capita GDP is not changing.
c. Per capita GDP is falling.
d. None of the above.
c
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Define the tragedy of the commons. Give three examples of common pool resources. Briefly explain why common pool resources are subject to overuse
What will be an ideal response?
Production technology determines the relationship of total cost to outputs.
Answer the following statement true (T) or false (F)
An increase in the demand for a product will shift the demand curve for labor producing the product to the right
a. True b. False Indicate whether the statement is true or false
Between 1980 and 2000, the national debt ______________.
A. stayed about the same B. approximately doubled C. approximately tripled D. increased over fivefold