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Question
Real GDP per person averaged $150 a year (in 2009 dollars) from 1,000,000 BC until 1620. Then in ________ real GDP began to increase without limit and by 1850 had risen to twice its 1650 level because ________.A) 1650; the Pilgrims arrived in the Americas
B) 1750; Columbus arrived in the Americas
C) 1650; of the Industrial Revolution
D) 1750; of the Industrial Revolution
E) 1776; United States was founded
Answer
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Related questions
Q:
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:
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A) answering the "how" question.
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.
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B) what
C) for whom
D) why
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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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B) how
C) for whom
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Q:
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B) Should we collect tolls on turnpikes using human toll collectors or mechanized toll machines?
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A) for whom
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C) where
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B) why
C) for whom
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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.
C) Emily chooses to attend a social event on Tuesday night instead of studying even though she has an important exam on Wednesday morning.
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E) None of the above
Q:
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A) What?
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
B) the effect on economic growth if the government raises taxes
C) how the wheat industry determines how much wheat to grow
D) the impact of labor unions on wages
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Q:
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A) It analyzes the aggregate effects on the national economy of the choices made by individuals, firms, and governments.
B) It studies the choices that individuals and businesses make when coping with scarcity.
C) It examines how the choices that individuals affect governments.
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Q:
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i. K-Mart's decision to close stores that are not making a profit
ii. Home Depot's choice to hire more full-time employees because its sales increased
iii. Delta Airlines changes its fares.
A) i only
B) ii only
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E) i, ii, and iii
Q:
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Q:
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Q:
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B) negatively sloped.
C) steep.
D) flat.
E) trended.
Q:
The slope of a line equals the change in the variable measured along the
A) x-axis divided by the change in the variable measured along the y-axis.
B) y-axis divided by the change in the variable measured along the x-axis.
C) x-axis minus the change in the variable measured along the y-axis.
D) x-axis multiplied by the change in the variable measured along the y-axis.
E) y-axis minus the change in the variable measured along the x-axis.
Q:
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Q:
In the figure above, the relationship between the x variable and the y variableA) is positive.B) is negative.C) starts by being positive and then becomes negative.D) starts by being negative and then becomes positive.E) is non-existent because the two variables are unrelated.
Q:
In the diagram above, which figure(s) show(s) a direct relationship between the variables?A) both B and CB) both A and CC) only AD) only DE) only B
Q:
In the above figure, a negative relationship between x and y is shown in FigureA) A.B) B.C) C.D) D.E) B and Figure C.
Q:
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Q:
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Q:
An independent relationship between two variables is shown in a graph by
A) an upward-sloping line.
B) a horizontal or a vertical line.
C) a downward-sloping line.
D) a steeply sloped line.
E) any straight line curve.