Thomas Malthus argued that
A) Population grows at an arithmetic rate.
B) Population growth would exceed the growth in the food supply.
C) Production grows at a geometric rate.
D) None of the above.
Answer: B
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A mixed economy cannot exist without a politically free society
a. True b. False Indicate whether the statement is true or false
The ordering of market structures from most market power to least market power (where market power is the ability to set its own price) is:
a. monopoly, monopolistic competition, oligopoly, perfect competition. b. perfect competition, monopolistic competition, oligopoly, monopoly. c. oligopoly, monopoly, monopolistic competition, perfect competition. d. monopoly, oligopoly, monopolistic competition, perfect competition. e. monopoly, perfect competition, monopolistic competition, oligopoly.
Suppose that a college student receives an offer for a summer internship with a stock brokerage firm. Unfortunately for the student, the internship is unpaid. Is it ever economically beneficial to accept an unpaid job?
a. Yes, because the experience gained during the internship would increase the student's human capital. b. No, because the opportunity cost is too high. c. No, because the student is signaling to future employers that he or she is willing to accept low wages. d. Yes, because accepting an unpaid job signals to future employers that the student has stable personal finances.
The trade-off between physical capital and current consumption:
A. involves giving up more current consumption for rich countries, since they have so much. B. is easier for poorer countries than rich ones. C. involves giving up less current consumption for poor countries, since they have little. D. is harder for poorer countries than rich ones.