The process by which productivity raises the average standard of living is referred to as
A) long-run economic growth.
B) labor productivity.
C) population growth analysis.
D) the economic prosperity hypothesis.
A
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Segregation can result from government policies, social pressures, and individual choices
Indicate whether the statement is true or false
According to the reflection effect
A) people think harder about losses than about gains. B) people become more risk preferring over time. C) attitudes toward risk are reversed for gains versus loses. D) subjective probabilities on riskier outcomes are weighted heavier than on less risky outcomes.
Explain the two theories of desired income distribution: the egalitarian principle and the productivity standard
What will be an ideal response?
The balance of payments constraint refers to the limits on:
A. exchange rate policy imposed by flexible exchange rates. B. currency convertibility observed in most developing countries. C. domestic macroeconomic policy, arising from a shortage of international reserves. D. macroeconomic policy resulting from IMF conditionality.