A. previous decisions
B. absolute income
C. relative income
D. permanent income
A. demographic transition
B. population maturity
C. demobilizing population
D. birth-death transformation
A. sells a fixed amount of output regardless of price.
B. must raise price to sell more output
C. can sell an infinite amount of output at the market-determined price
D. must lower price to sell more output.
A. must have fallen
B. must have risen
C. must have stayed the same
D. may have risen fallen, or stayed the same because there is not enough information to determine what happened to real output
A. decrease the prosperity of the firm but increases the prosperity of the factors hired by the firm
B. decreases the prosperity of both the firms and the factors hired by the firm.
C. increases the prosperity of both the firm and the factors hired by the firm.
D. increases the prosperity of the firm but decreases the prosperity of the factors hired by the firm.
A. bureaucracy
B. bad luck
C. poor communications
D. the low level of government grants and by the fact that some projects would have gone ahead anyway
A. Embargo
B. Contraband
C. Ban
D. Restriction