A reduction in the rate of population growth
A) always causes an increase in economic growth.
B) never causes an increase in economic growth.
C) may or may not cause an increase in economic growth.
D) will cause a reduction in economic growth if accompanied by an increase in the rate of growth of real GDP.
Ques. 2Refer to the above figure. At a price of 2 per gallon, the quantity demanded of gasoline is
A) 80,000 gallons per month.
B) 100,000 gallons per month.
C) 60,000 gallons per month.
D) 140,000 gallons per month.
Ques. 3Which of the following are complementary goods?
A) sport utility vehicles and gasoline
B) butter and margarine
C) beer and wine
D) DVDs and videocassettes
Ques. 4Which one of the following individuals would be classified as structurally unemployed?
A) Joe was laid off by by his construction company because there was a reduction in the number of houses built in the winter.
B) Gail lost her job with the state because there was a reduction in the state budget.
C) Tommy lost his job when the steel mill where he worked was closed because domestic producers would not produce as efficiently and cheaply as foreign firms.
D) Fay lost her job in early January when the Christmas store where she worked was closed.
Ques. 5The demand for money curve depicts
A) an inverse relationship between the quantity of money demanded and the quantity of bonds demanded.
B) a direct relationship between the quantity of money demanded and the quantity of bonds demanded.
C) an inverse relationship between the quantity of money demanded and the interest rate.
D) a direct relationship between the quantity of money demanded and the interest rate.
Ques. 6In the United States, the main contributor to economic growth is due to the growth in
A) physical capital.
B) education (human capital).
C) labor resources.
D) capital and labor productivity.
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