If the death rate and the birth rate both fall, then
a. the population growth rate falls
b. the population growth rate rises
c. per capita GDP rises
d. per capita GDP falls
e. the effects on population or GDP growth cannot be determined from the information
E
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When costs spill over to third parties, there is a(n)
A) cost overrun. B) excessive competition. C) negative externality. D) government subsidy.
The upward trend in the U.S. labor force participation rate the past 50 years is explained by
A) the increase in the population. B) the increase in the male labor force participation rate. C) the increase in the number of discouraged workers. D) the increase in the female labor force participation rate. E) Both answers B and D are correct.
Mortgages issued to borrowers who fail to document that their incomes are high enough to afford their mortgage payments are known as ________ mortgages
A) reciprocal B) Alt-A C) gray market D) subprime
In reality, reliable information is usually costly for both consumers and producers
Indicate whether the statement is true or false