Other things the same, an increase in population growth
a. increases capital per worker. Further, there is some evidence that a higher population growth rate may increase the pace of technological progress.
b. increases capital per worker. However, there is some evidence that a higher population growth rate may decrease the pace of technological progress.
c. decreases capital per worker. Further, there is some evidence that a higher population growth rate may decrease the pace of technological progress.
d. decreases capital per worker. However, there is some evidence that a higher population growth rate may increase the pace of technological progress.
d
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Why do economists generally favor vouchers to achieve an efficient outcome?
What will be an ideal response?
The European Union became an economic union with the implementation of which treaty?
A) Treaty of Rome B) Single Europe Treaty C) Delor's Agreement D) Treaty on European Union E) Schengen Agreement
Because policies in the United States were too expansionary from 1965 through 1973, the U.S. suffered
A) demand-pull inflation. B) cost-push inflation, as workers sought higher wages in order to keep up with inflation. C) both demand-pull and cost-push inflation. D) neither demand-pull nor cost-push inflation.
A rationale used for tariff protection by some is that
A) the country wants to practice international price discrimination. B) the country finds its cost of producing their products higher than in other countries. C) imports are produced by firms that received subsidies from their governments. D) imports are produced by firms that are more efficient than domestic producers are.