Critics of economic growth:
A. contend that growth and industrialization reduce pollution.
B. point out that growth results in greater economic security for workers.
C. argue that economic growth does not resolve socioeconomic problems such as an unequal distribution of income and wealth.
D. say that its benefits accrue nearly exclusively to white males.
Answer: C
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One of the major impacts of restricting immigration is that the:
a. prices of the products produced by unskilled laborers will decline. b. prices of the products produced by unskilled labor will increase. c. supply of labor in agriculture will increase. d. supply of labor in the industrial sector will rise. e. government's expenditure on education and health will rise.
Income earned by entrepreneurs is described as
a. total revenue b. profit c. average revenue d. marginal revenue e. interest
Explain how the short-run industry supply curve for a perfectly competitive market is derived
Full employment is defined by all economists as precisely 5 percent of the labor force
a. True b. False Indicate whether the statement is true or false