The standard of living typically refers to
A) the rate of unemployment.
B) output per capita.
C) wealth per capita.
D) all of the above
B
Economics
You might also like to view...
A local store noticed that when it increased the price of milk from $2.50 to $3.50 per gallon, it sold 33% less milk. Since everything else remained the same, we would say the
a. demand for milk is perfectly elastic b. demand for milk is elastic c. demand for milk is perfectly inelastic d. demand for milk is unitary elastic e. law of supply does not apply in this situation
Economics
Goods whose production is associated with positive externalities are
a. under-priced and over-provided b. under-priced and under-provided c. over-priced and under-provided d. over-priced and over-provided e. not provided by private markets
Economics