Serious environmental problems are
A. unique to industrial economies.
B. unique to Western economies.
C. unique to civilized economies (i.e., those in which people live mainly in cities).
D. experienced by centrally planned and market-based economic systems.
Answer: D
Economics
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Suppose real GDP was 120 in year 1 and 156 in year 2. The growth rate of real GDP is
A) 5.6 percent. B) 18 percent. C) 30 percent. D) 36 percent.
Economics
During the 1990s, deadweight losses per job saved through tariffs and quotas in the apparel industry
A) were greater than the wages earned in apparel jobs. B) were small enough to ignore. C) were less than the value of the jobs saved. D) increased net national welfare.
Economics