Did economic output start growing faster than population from the beginning of the human inhabitation of the earth?
Answer: No, rapid and sustained economic growth is a modern phenomenon.
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In many business situations one firm will act first, and then other firms will respond. To help analyze these types of situations economists use
A) follow-the-leader-games. B) sequential games. C) retaliation games. D) bargaining games.
Why are beef and leather complements in production?
a. The production of one enables the production of the other. b. They both can be produced using the same technology. c. They both can be used by consumers for the same purposes. d. The production of one negates the production of the other.
Briefly discuss why the degree to which labor and capital are mobile within a nation may differ from the degree to which labor and capital are mobile internationally.
What will be an ideal response?
Kara is considering migrating to another country. Which of the following represents a cost she will face if she decides to move?
A. Financial expenditures to transport herself and her belongings to her new country. B. The income she currently earns in her home country. C. The application fee for a green card. D. All of these.