According to Paul Ehrlich's 1968 prediction in The Population Bomb, population growth would result in:
A. Overuse of natural resources leading to famines
B. Stable uses of natural resources creating long-term stability
C. Efficient use of natural resources fostering prosperity
D. Reduced dependence on natural resources leading to growth
A. Overuse of natural resources leading to famines
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The government is looking to double the living standards of its population in 18 years, what rate of GDP growth would it need to achieve that?
a. 1% b. 2% c. 3% d. 4%
Higher energy prices can be used to adequately explain the productivity slowdown in
a. the United States and the rest of the world. b. the United States but not the rest of the world. c. the rest of the world but not the United States. d. neither the United States nor the rest of the world.
If the demand curve for a good is a vertical line at Q = 1, then a decrease in the price of that good will:
A. not change the quantity demanded. B. lead the quantity demanded to fall to zero. C. decrease the quantity demanded. D. increase the quantity demanded.
If the market basket of goods and services on which the CPI is based is $15,000 in the base year and $45,000 in the current year, the level of the CPI in the current year is _____.
Fill in the blank(s) with the appropriate word(s).