Which of the following accurately describes economic growth and standards of living between 1,000,000 B.C. and 1300 A.D.?
A) No sustained economic growth occurred between 1,000,000 B.C. and 1300 A.D.
B) Significant economic growth took place between 1,000,000 B.C. and 1300 A.D.
C) Standards of living substantially declined from 1,000,000 B.C. to 1300 A.D.
D) Standards of living in 1300 A.D. were substantially better than what they were in 1,000,000 B.C.
A
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If electricity demand is inelastic, and electric rates increase, which of the following is likely to occur?
A) Quantity demanded will fall by a relatively large amount. B) Quantity demanded will fall by a relatively small amount. C) Quantity demanded will rise in the short run, but fall in the long run. D) Quantity demanded will fall in the short run, but rise in the long run.
The figure below shows the retail demand for running shoes. If the distributors (the retailers) are perfectly competitive and the marginal cost of distributing the shoes is $20 per pair, the manufacturer's wholesale demand curve lies
A) $20 above the retail marginal revenue curve, MR.
B) $20 below the retail demand curve, D.
C) $20 below the retail marginal revenue curve, MR.
D) $20 above the retail demand curve, D.
Discuss that factors that help explain the rapid productivity growth in the United States after 1995.
What will be an ideal response?
Which of the following is NOT a protected title vii class?
a. race b. age c. sexual preference d. religion