Is faster economic growth unambiguously better?
A. No, because growth has an opportunity cost.
B. No, because growth serves no useful purpose.
C. Yes, because more goods and services are always better.
D. Yes, because it expands the production possibilities of an economy.
E. Uncertain, economic growth has no answer to this question.
Answer: A
You might also like to view...
To graph a relationship that involves more than two variables, we use
A) a positive relationshi
The above figure shows the apartment rental market in Bigtown. If the Bigtown Housing Authority imposes a rent ceiling of $1,000 per month, the ceiling will
A) help all renters. B) help some renters and hurt other renters. C) help all landlords. D) have no effect at all on the Bigtown rental market.
The illegality of organ sales from willing donors to willing recipients is ineffective because:
a. It encourages organ sales b. It discourages wealth creating transactions through the threat of heavy penalty c. It encourages government intervention d. None of the above
Labor productivity is defined as:
A. total output per worker. B. output per hour of work. C. output divided by the average hourly wage. D. price of output divided by cost of output.