Describe the connections between rising income and environmental and social indicators. Which indicators improve and which worsen as national income rises?
What will be an ideal response?
Carbon dioxide emissions get worse as income rises; access to safe drinking water improves. Child mortality and child labor both decrease as national income rises. Other indicators are more mixed. Deforestation occurs more in low- and upper-middle income countries, while lower-middle countries have deforestation but less than the upper middle income group, and high-income countries both experience reforestation.
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When some forms of money start to pay interest, then along with a rise in real output it takes a ________ rise in the market interest rate than before to hold the demand for money equal to its supply, which is to say that the LM curve has become
________. A) larger, steeper B) larger, flatter C) smaller, steeper D) smaller, flatter
Which of the following could be threatening to an existing monopoly structure?
a. impossible-to-overcome barriers to entry b. the depletion of alternative resources that could be used to produce the good that is being produced by the monopolist c. the extension of years enforcing a patent right d. mergers e. technological innovation that makes the old techniques of producing a good obsolete