The new growth theory's comparison of the economy to a perpetual motion machine implies that
A) overpopulation will eventually overtake the resources of the planet.
B) technology changes just happen.
C) permanent growth is not possible.
D) the economy will forever create and destroy jobs.
E) labor productivity has no influence on the economy.
D
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If income in Africa increases by 4% and demand for poultry increases by 8%, then the income elasticity for poultry demand in Africa is projected to be:
a. -0.8 b. 0.8 c. 2 d. 1.25 e. 1.50
The Federal Deposit Insurance Corporation insures
A. savings accounts against unlawful transfer into checking accounts. B. bank deposits against the failure of an individual bank. C. that the bank will maintain sufficient required reserves. D. bank buildings and property against fire and theft.
Explain what effect changes in each of the following variables has on the demand for central bank money: (1 ) the interest rate, i; and (b) real income, Y
What will be an ideal response?
Most doctors are employed by the government and most hospitals are owned by the government in
A) Canada. B) Japan. C) the United Kingdom. D) the United States.