Because of the choices people make in the pursuit of profit, new growth theory argues that
A) technology growth slows down in the long-run.
B) population growth increases will bring real GDP per person back to subsistence level.
C) the capital stock experiences diminishing returns.
D) the economy can enjoy persisting economic growth.
D
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Discuss some of the fundamental differences between microeconomics and macroeconomics.
What will be an ideal response?
The Celler-Kefauver Act of 1950 amended the:
a. Sherman Act b. Clayton Act. c. Federal Trade Commission Act. d. Wagner Act.
Which of the following owns the largest proportion of the national debt?
A. foreigners B. federal, state, and local governments and the Federal Reserve C. private individuals, banks, and corporations D. foreign governments
Which of the following statements would John Maynard Keynes most likely agree with?
a. “All income generated from output is used to buy goods and services.” b. “Supply automatically creates adequate demand.” c. “Income is always spent in the period that it is produced.” d. “A decline in investment leads to insufficient total spending.”