Critics of economic growth:
A. contend that growth and industrialization reduce pollution.
B. argue that economic growth does not resolve socioeconomic problems such as an unequal
distribution of income and wealth.
C. point out that growth results in greater economic security for workers.
D. say that its benefits accrue nearly exclusively to white males.
B. argue that economic growth does not resolve socioeconomic problems such as an unequal
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Suppose that the equilibrium price of french fries rises while the equilibrium quantity falls. The most likely explanation for these changes is:
A. an increase in the supply of french fries. B. an increase in demand for french fries. C. a decrease in demand for french fries. D. a decrease in the supply of french fries.
If the dollar depreciates against the British pound, U.S. goods sold in ________ would become less expensive and British goods sold in ________ would become more expensive
A) Great Britain; Great Britain B) the United States; Great Britain C) Great Britain; the United States D) the United States; the United States
We might predict that Hawaii has a comparative advantage compared to Russia in the production of pineapples because Hawaii has:
A. a climate more suitable for pineapples. B. more advanced farming technology. C. more land available to grow them on. D. less governmental oversight in the pineapple industry.
Policies designed to promote import substitution often encouraged labor-intensive production methods, which encouraged the creation of jobs.
Answer the following statement true (T) or false (F)