The rate of economic growth will be faster if
A. consumption spending is greater.
B. the rate of saving is higher.
C. the rate of growth of the money supply is higher.
D. the rate of growth of the population is higher.
Answer: B
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In general, which the following is NOT true about the "new" immigrants that arrived after 1880?
a. They experienced pervasive wage and hiring discrimination. b. They originated mostly from south and eastern Europe. c. They took the lowest positions in the social strata. d. All of the above are true about the "new" immigrants.
During a football game, it starts to rain and the temperature drops. The senior class, which runs the concession stand and is studying economics, raises the price of coffee from 50 cents to 75 cents a cup. They sell more than ever before. Which answer explains this?
What will be an ideal response?
If a firm faces a downward-sloping demand curve
A) the demand for its product must be inelastic.
B) it has no control over the price or the quantity sold.
C) it must reduce its price to sell more units.
D) it will always make a profit.
When a flu vaccine goes on the market, the flu rate goes down even among those people who did not get vaccinated. This example shows a(n) ______.
a. nonmarket transaction b. externality c. underground activity d. leisure activity