Reduction in the quality of agricultural land through overuse is called
a. degradation
b. deforestation
c. desertification
d. defenestration.
e. none of the above
A
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Real GDP measures ________.
A. base year output at current prices B. current output at current prices C. base year output at current exchange rates D. current output at base year prices
Define real shocks, define nominal shocks, and give an example of each
What will be an ideal response?
In 2008 if the poverty line had been set higher, the poverty rate would have been _______.
Fill in the blank(s) with the appropriate word(s).
A professor spends 10 hours per day giving lectures and writing papers. For the professor, a graph that shows his various possible mixes of output (lectures given per day and papers written per day) is called his
a. line of tastes. b. trade-off curve. c. production possibilities frontier. d. consumption possibilities frontier.