To have more consumer goods in the future, we must :

To have more consumer goods in the future, we must
 
  A) produce more capital goods today.
  B) lower current income.
  C) get government involved in the production process.
  D) stop producing all goods today.

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Ques. 2

Compared with a monopolist, the demand curve faced by a monopolistically competitive firm is
 
  A) more elastic.
  B) more inelastic.
  C) perfectly elastic.
  D) perfectly inelastic.

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Ques. 3

According to Keynesian economics, if there are unutilized resources in the economy and aggregate demand decreases
 
  A) real GDP will rise and price level will remain constant.
  B) real GDP will fall and price level will remain constant.
  C) real GDP will rise and price level will rise.
  D) real GDP will rise and price level will fall.

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Ques. 4

Using the concentration ratio to measure the degree of competition
 
  A) may understate the degree of competition because it ignores imported goods.
  B) may overstate the degree of competition because it ignores imported goods.
  C) may overstate the degree of competition because inter-industry competition is ignored.
  D) may understate the degree of competition because market share changes annually.

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Ques. 5

What does the fact that U.S. students are falling behind other nations' students in math and science have to do with economic growth?
 
  A) Nothing. People in the United States just don't like to fall behind in anything as a matter of pride.
  B) If U.S. students don't excel in math and science, the nation will see fewer plays written and fewer pieces of music composed.
  C) Better technology, a key to economic growth, depends largely on math and science skills.
  D) Math and science skills don't foster economic growth, but it takes math skills to calculate a nation's rate of economic growth.