If real GDP per capita is increasing, real output is:
a. growing less rapidly than the population.
b. growing more rapidly than the population.
c. growing at the same rate as the population.
d. growing more rapidly than are prices.
b
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Dutch Disease is associated with a dramatic decline in the demand for a primary commodity produced by a country
a. True b. False Indicate whether the statement is true or false
Graphically which of the following is true for a monopoly?
a. The marginal revenue curve lies below the demand curve and is steeper than the demand curve. b. The marginal revenue curve lies above the demand curve and is steeper than the demand curve. c. The marginal revenue curve lies below the demand curve and is flatter than the demand curve. d. The marginal revenue curve lies above the demand curve and is flatter than the demand curve.