For DVC per capita incomes to rise, birth rates must first be reduced. This statement describes the:
A. human capital view of population growth.
B. traditional view of population growth.
C. capricious universe view.
D. demographic transition view of population growth.
B. traditional view of population growth.
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Which of the following is the most likely to cause the price of air travel to rise?
a. Lower prices and improved service in Amtrak (the nation's passenger railroad). b. Improved productive efficiency resulting from airline mergers. c. Higher airplane fuel costs. d. Reports that air travel safety is deteriorating.
If the Treasury prints currency to finance an expenditure, the impact on the money supply is similar to when the Treasury borrows from the
A) banking system when it is fully loaned-up. B) banking system when it has excess reserves. C) non-bank public. D) Federal Reserve.
An oligopoly is a market structure in which:
a. one firm has 100 percent of a market. b. there are many small firms. c. there are many firms with no control over price. d. there are few firms selling either a homogeneous or differentiated product.
A production possibilities curve shows the
a. dollar costs of producing two different goods b. amounts of labor and capital needed to produce one good c. various combinations of goods that can be produced d. prices of different goods that are produced in an economy e. inefficient use of available resources and technology