If the average annual rate of economic growth is 4? percent, approximately how long will it take for the? nation's per capita real GDP to? double?
What will be an ideal response?
17.5 years
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A surplus tends to put ________ pressure on the price of the product, which ________ the quantity demanded
A) upward; increases B) upward; decreases C) downward; increases D) downward; decreases
When a surplus of rice occurs,
A) the price of rice rises. B) the price of rice falls. C) there is a balance between the forces of supply and demand. D) the quantity demanded is greater than quantity supplied at the current price. E) the demand curve shifts rightward and the supply curve shifts leftward to eliminate the surplus.
If a corporation cannot pay its debts, creditors cannot seek payment from shareholders' personal wealth
a. True b. False Indicate whether the statement is true or false
In a map showing three indifference curves a consumer is most well off on
A. the curve which is most farther away from the coordinate axes. B. the curve which is closest to the origin of the coordinate axes. C. the curve that is in the middle. D. none of these.