Other things equal, which of the following would increase the rate of economic growth, as measured by changes in real GDP?
A. A decline in the average length of the workweek.
B. A decrease in the labor force participation rate.
C. An increase in the size of the working age population.
D. A decline in the amount of capital per worker.
C. An increase in the size of the working age population.
Economics
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If there is pollution in producing a product, then the market equilibrium price
A) and equilibrium quantity are too low. B) and equilibrium quantity are too high. C) is too low and equilibrium quantity is too high. D) is too high and equilibrium quantity is too low.
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Comparing firms in perfectly competitive markets to monopoly firms, which charges a price equal to marginal cost?
Economics