Countries that have lower levels of real GDP per person than the United States
a. tend to have growth rates that are higher than that of the United States.
b. tend to have growth rates that are about the same as that of the United States.
c. tend to have growth rates that are lower than that of the United States.
d. in some cases have growth rates that are higher than that of the United States and in other cases lower than that of the United States.
d
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The addition to total output when one more unit of capital is added is called the marginal revenue product of capital
Indicate whether the statement is true or false
Because of the positive externality of vaccinations, economic efficiency would be improved
A) if fewer people were vaccinated. B) if more people were vaccinated. C) only if all people were vaccinated. D) only if no people were vaccinated.