The historical record for the United States for the past 100 years shows
A) growth in real GDP per person during most years.
B) economic growth for about half the years and economic decline for the other half.
C) growth until 1970 and then a period of constant per person real GDP.
D) continuous economic growth, although at different rates, throughout the entire century.
A
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How can a nation and its producers determine whether or not it has a comparative advantage in producing a particular good or service?
What will be an ideal response?
The price of a financial asset should be equal to
A) the face value of the asset divided by the interest rate. B) the present value of payments to be received from owning that asset. C) the face value of the asset. D) the present value of the sum of the coupon payments and the interest rate.