What did Malthus say about population growth?
A) Population growth is the key to a nation's economic growth.
B) Population growth is not a problem if food production keeps up, and Malthus predicted that it would.
C) Population growth is a huge problem if housing and medical care don't also increase.
D) The population would grow faster than food supplies, which would be a recipe for disaster.
D
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Which of the following is included in U.S. GDP?
i. the rental value of homes owned by U.S. citizens ii. the production of Suburban SUVs by GM in its plant in Mexico iii. tickets sold by U2 for concerts held in the United States A) ii only B) ii and iii C) i, ii and iii D) i and iii E) i only
Which of the following statements is true?
a. Free trade benefits a country when it exports but harms it when it imports. b. "Voluntary" limits on Canadian exports of hogs are better for the United States than U.S. tariffs placed on Canadian hog exports. c. Tariffs and quotas differ in that tariffs work like a tax and therefore impose deadweight losses, whereas quotas do not impose deadweight losses. d. Free trade benefits a country both when it exports and when it imports.
At what level of output does marginal cost equal marginal revenue?No. units producedTotal RevenueTotal costs0001100502180110325018042902705310380
A. 2 B. 3 C. 4 D. 1
Recall the Application about cultural factors in England and their relevance to the Industrial Revolution to answer the following question(s). In the Application, what was Galor and Moav's (2002) explanation for why families with fewer children gain a comparative advantage in the evolutionary cycle?
What will be an ideal response?