Rapid population increase in which of the following economies may threaten and deter economic growth the most?
a. highly industrialized countries
b. an agriculture based economy
c. developed economies
d. a technology driven economy
b
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An increase in the income tax rate ________ the value of the tax multiplier
A) decreases B) increases C) has no effect on D) may increase or decrease
The change in total cost that results from the production of one additional unit is called:
a. marginal revenue. b. average variable cost. c. marginal cost. d. average total cost.
The cross elasticity between two substitutes is always positive
Indicate whether the statement is true or false
From 1960 to about 1980 the net capital outflow of the U.S. was typically
a. small but always positive. b. small and sometimes negative and sometimes positive. c. large and positive. d. large but sometimes negative and sometimes positive.