If real GDP is increasing more rapidly than the population, then:
a. interest rates must be falling
b. the economy must be experiencing inflation.
c. per capita real GDP will be increasing.
d. per capita real GDP will be decreasing.
c
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Low-income countries are largely responsible for excess carbon dioxide emissions globally
Indicate whether the statement is true or false
The above figure shows the reaction functions for two pizza shops in a small isolated down. The Stackelberg leader will produce
A) 25 pizzas. B) 50 pizzas. C) 66.7 pizzas. D) 100 pizzas.
For years, your neighbor insisted she had no desire to own a computer. Recently, however, she purchased one and says she did so because all her relatives have computers and she wants to exchange e-mail with them. Your neighbor's behavior is an example of
A) a switching cost. B) the impact of negative market feedback. C) limited-pricing behavior. D) a network effect.
Which of the following will cause a decrease in U.S. gross exports?
A. A decrease in foreign business purchases of U.S. output. B. An increase in foreign consumer income. C. An increase in foreign wealth. D. None of the choices are correct.