In the 1700s, Reverend Thomas Malthus predicted that:
a. per capita economic growth would not change very much since humans were already content with their standards of living.
b. per capita economic growth would tend to rise as modern birth control techniques caused the rate of population growth to decline.
c. per capita economic growth would eventually become negative since population growth would tend to outstrip production.
d. per capita economic growth would tend to rise in the future because technological advances in production would outpace population growth.
c
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If the dollar is overvalued against the peso, it implies that:
A) the exchange rate between the dollar and the peso is flexible. B) the quantity of dollar supplied in exchange of pesos equals the quantity of dollars demanded in exchange of pesos in the foreign exchange market. C) the quantity of dollar supplied in exchange of pesos exceeds the quantity of dollars demanded in exchange of pesos in the foreign exchange market. D) the quantity of dollar supplied in exchange of pesos is less than the quantity of dollars demanded in exchange of pesos in the foreign exchange market.
Suppose that you consume only pizza and Diet Pepsi. The table above gives your utility from consuming these two goods. What is the marginal utility you get from the fourth slice of pizza?
A) 36 B) 18 C) 12 D) 4
Other things the same, as the price level falls, which of the following increases?
a. lending and investment spending b. lending, but not investment spending c. investment spending, but not lending d. neither investment spending nor lending
Which of the following is NOT a restriction the government imposes to keep potential entrants out of a market?
A) patents B) tariffs C) assistance with opening new firms D) copyrights