According to the new growth theory, real GDP per person grows because
A) the retirement age increases.
B) the labor force participation rate increases.
C) people make choices in pursuit of profits.
D) the population increases.
E) the government subsidizes firms' research and development.
C
Economics
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For a natural monopoly to exist
A) a firm must continually buy up its rivals. B) a firm must have a government-imposed barrier. C) a firm's long-run average cost curve must exhibit diseconomies of scale beyond the economically efficient output level. D) a firm's long-run average cost curve must exhibit economies of scale throughout the relevant range of market demand.
Economics
The 2008 financial crisis peaked in September 2008, when Lehman Brothers declared bankruptcy
a. True b. False
Economics