The long-run total demand for commodity resources is driven by which of the following forces?
A. Rising number of people alive and an increasing amount of consumption per person
B. Stable number of people alive and an increasing amount of consumption per person
C. Rising number of people alive and a stable amount of consumption per person
D. Rising number of people alive and a decreasing amount of consumption per person
A. Rising number of people alive and an increasing amount of consumption per person
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In 2010, of the following which nations had the highest level of real GDP per person?
A) Japan B) Europe Big 4 C) Canada D) China
Working conditions, prestige, variety, location, employee freedom, and employee responsibilities are all examples of
a. pecuniary job characteristics. b. the tools of employment discrimination. c. sociological factors affecting employment. d. non-pecuniary job characteristics.
When the price of pens went from $1 to $1.50, the quantity demanded of pencils changed from 50 to 75 a day. The cross-price elasticity of demand for pencils (using the initial value formula) is:
A. 1. B. 0.4. C. 0.2. D. -0.2.
According to John Rawls, the fair distribution of income is the one that
A) makes the poorest person as well off as possible. B) makes the average person as well off as possible. C) results in equal income for all society members. D) is based on fair rules.