While increases in population are often seen as a problem by some observers can you think of a way in which an increase in population can be a positive factor?
What will be an ideal response?
One way it could be a benefit is that is that it can help continue to finance national pension programs which often are derived by taxing current workers to provide benefits for the retired. Another benefit is that it can allow companies to market their products to a larger market and permit economies of scale in the production and distribution of goods which wouldn't be possible with a smaller population
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The aggregate supply curve slopes
A. downward because firms can sell more at lower prices. B. downward because firms can hire more workers at lower prices. C. upward because firms want to hire more workers at higher wage levels. D. upward because firms can hire workers at fixed wages for short-run periods.
What are the main lessons economists learned from the developing country crisis?
What will be an ideal response?
A decrease in demand is represented by
a. a shift outward of the entire demand curve. b. a shift inward of the entire demand curve. c. a movement along the demand curve in a southeasterly direction. d. a movement along the demand curve in a northwesterly direction.
In the market for loanable funds, the demand curve:
A. reflects that more people will choose to save the higher is the interest rate. B. is upward sloping. C. is downward sloping. D. represents savers.