A decrease in population can be expected to
a. raise land rent
b. increase the supply of land
c. decrease the demand for land
d. increase the demand for land
e. decrease the supply of land
C
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Dose-response functions for environmental hazards
a. always have thresholds c. must arise from the origin b. are strictly linear d. none of the above
Which of the following creates difficulties in making comparisons of real GDP across nations?
A) Each nation has a different population. B) Relative prices differ sharply across countries. C) Nations produce different goods and services. D) Nations often have different languages.
Which of the following is true of central banks?
A) They are responsible for issuing currency. B) They control the amount of money in circulation. C) They have considerable influence over the level of interest rates. D) all of the above
Which of the following would decrease the demand for labor? (i) a decrease in the output price (ii) an increase in the output price (iii) a labor-saving technological advance (iv) a labor-augmenting technological advance
a. (i) only b. (i) and (iii) only c. (ii) only d. (ii) and (iv) only