Which of the following is a low-income country?

Since the 1980s, China's output per person has increased tremendously. Which of these possible contributors to economic growth in China is a good example of a positive supply shock?

A) high levels of saving and investment B) declining rate of population growth C) rising consumption of energy D) all of the above E) none of the above

Private goods are goods

A) that carry a price. B) for which price is greater than zero. C) for which the more one person has the less is available for someone else. D) that are produced by the government.