The study of why an economy's production capacity increases over time is the subject of growth economics.
Answer the following statement true (T) or false (F)
True
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Which of the following is not a reason for the downward slope of an aggregate demand curve?
a. Real balances effect. b. Real interest-rate effect. c. Net exports effect. d. All of these are reasons.
The marginal cost of a vacation in Jamaica is $3,500 . The marginal benefit to Jordan of a vacation in Jamaica is $3,000. a. According to the rule of rational choice, Jordan should choose not to vacation in Jamaica at this time
b. According to the rule of rational choice, Jordan will experience a net gain of $500 if he vacations in Jamaica. c. According to the rule of rational choice, Jordan should borrow $500 and vacation in Jamaica. d. According to the rule of rational choice, Jordan will experience a net gain of $3,000 if he vacations in Jamaica.
Which of the following is true?
A) Voters have a strong incentive to cast a well-informed vote, but consumers have little incentive to make informed choices. B) Both voters and consumers have a strong incentive to make informed choices. C) Voters have little incentive to cast a well-informed vote, but consumers have a strong incentive to make informed choices. D) Neither voters nor consumers have much incentive to make informed choices.
Lee, J Brand, Joe's Jeans, Paper Denim & Cloth, Levi's, Wrangler, and many others are all producers of jeans. J Brand jeans sell for about $200 a pair. What would happen if J Brand priced their jeans at $220 per pair?
A) They would sell fewer jeans because demand is elastic. B) They would not sell any jeans. C) They would sell more jeans. D) They would sell fewer jeans because demand is perfectly elastic.