The view that population growth occurs when real GDP per person exceeds the amount necessary to sustain life is part of the ________
A) classical growth theory
B) modern theory of population growth
C) neoclassical growth theory
D) new growth theory
A
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Refer to Table 17-4. What are the quantity of labor and marginal revenue product of labor that will maximize the profit Apple would earn from selling iPods?
A) 2; $680 B) 2; $160 C) 3; $140 D) 3; $340
The Heckscher-Olin model uses differences in factor abundance to determine whether any nation has a comparative advantage in any good
a. True b. False Indicate whether the statement is true or false
A multinational organization dedicated to providing financial and technical assistance to developing countries is called the:
A. World Bank. B. United Nations Development Plan. C. International Monetary Organization. D. World Trade Organization.
If the MRP of the last acre of land hired is lower than the rent, the firm has hired ________.
Fill in the blank(s) with the appropriate word(s).