The anti-growth view:
What will be an ideal response?
-Growth causes pollution, global warming,...
-better living may not imply the good life
-high growth creates high stress
-high growth rates are not sustainable
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Which of the following describes a situation in which demand must be inelastic? a. Total revenue decreases by 10 percent when the price of spats rises by 10 percent. b. Total revenue decreases by less than 10 percent when the price of spats rises by 10 percent
c. Total revenue increases by more than 10 percent when the price of spats rises by 10 percent. d. Total revenue decreases by $10 when the price of spats rises by $10. e. Total revenue decreases by more than $10 when the price of spats rises by $10.
Everyone in an economy tends to do better when we experience:
A. steady economic growth, high unemployment, and stable prices. B. steady economic growth, low unemployment, and stable prices. C. high economic growth, low unemployment, and high inflation. D. high economic growth, high unemployment, and low inflation.