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Question
In 2009, U.S. real GDP decreased by 3 percent and the population grew by 1 percent. Thus, real GDP per personA) increased 2 percent.
B) decreased 2 percent.
C) increased 4 percent.
D) decreased 4 percent.
E) decreased 3 percent.
Answer
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Related questions
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Scarcity results from the fact that
A) people's wants exceed the resources available to satisfy them.
B) not all goals are desirable.
C) we cannot answer the major economic questions.
D) choices made in self-interest are not always in the social interest.
E) the population keeps growing.
Q:
Why does scarcity lead to the what, how, and for whom questions?
Q:
Choices that are best for the society as a whole are choices in pursuit of
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B) the social interest.
C) self-interest.
D) incentives.
E) answering the "for whom" question.
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A) What type of health care will be produced and in what quantity?
B) How will health care be produced?
C) For whom will health care be produced?
D) Why will we offer health care?
E) Must we offer health care?
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Q:
When unskilled teens earn less than college graduates, society answers the ________ question.
A) how
B) what
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Q:
When the federal government decides to pay senators more than it pays soldiers, it answers the ________ question.
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The figure above shows the relationship between the journey length and the cost of trip per mile. The curve becomes flatter because as the journey length increases,A) the fall in the cost per mile becomes smaller.B) the fall in the cost per mile becomes greater.C) the cost per mile decreases.D) the cost per mile increases.E) the cost per mile remains unchanged.
Q:
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When a home builder decides to computerize all of its production schedules, it directly answers the ________ question.
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B) why
C) for whom
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Which of the following scenarios describes an action that is NOT rational from an economic point of view?
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B) Eric buys a replacement ticket to the basketball game after he realizes that he accidentally left his original ticket at home.
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B) How?
C) For whom?
D) Why?
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Q:
Which of the following is a topic studied in macroeconomics?
A) the pricing decisions in the computer hardware industry
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Q:
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B) It studies the choices that individuals and businesses make when coping with scarcity.
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Q:
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Q:
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Q:
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Q:
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D) x-axis multiplied by the change in the variable measured along the y-axis.
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Q:
An independent relationship between two variables is shown in a graph by
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B) a horizontal or a vertical line.
C) a downward-sloping line.
D) a steeply sloped line.
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