An advantage in increasing the per capita annual rate of growth,however slightly,is that it will
A) shift the production possibilities curve inward.
B) lead to a more rapid increase in population.
C) lead to a substantially higher level of real output two or three decades later.
D) ensure the elimination of the business cycle.
E) eliminate the problem of relative scarcity.
Correct Answer:
Verified
Q15: An element of economic welfare that is
Q16: The law of diminishing marginal returns does
Q17: A more rapid rate of growth can
Q18: Malthus believed that maintaining or improving humanity's
Q19: Thomas Malthus felt the human population was
Q21: The essence of Ricardo's argument against the
Q22: The law of diminishing marginal returns
A) requires
Q23: One popular measure of the rate of
Q24: Keeping the marginal productivity of capital constant
Q25: In essence,the Corn Laws
A) lowered the profits
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