Economists have found that as a nation's per capita real Gross Domestic Product (GDP) increases
A) the rate of population growth declines.
B) the rate of population growth experiences dramatic increases.
C) there is no effect on population growth.
D) the rate of population growth increases at the same rate as economic growth.
A
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Johnny has worked as a CPA for five years and wants to open his own public accounting practice. The cost of his college degree in accounting represents
A) the opportunity cost of this endeavor. B) a sunk cost. C) an expense. D) a variable cost.
A corrective tax equal to the external cost imposed on third parties levied on polluters will: a. eliminate all pollution
b. increase the level of pollution. c. force polluters to internalize the external cost resulting from their actions. d. usually have no impact whatsoever on pollution levels, but will generate tax revenue for the government.