Refer to Figure 13-1. Ceteris paribus, a decrease in the growth rate of domestic GDP relative to the growth rate of foreign GDP would be represented by a movement from

A problem with measuring the factor shares to determine scarcity or abundance is that:

a. it is very hard to count workers in some nations. b. estimates are very unreliable. c. the quantity of a factor may not be as important as its productivity. d. scientists disagree over the method by which to compute "share.

Historical note concerning U.S. price levels: During the 1970s, with the onslaught of OPEC oil price increases

a. inflation occurred and it was primarily cost-push b. inflation was approximately zero because the Vietnam war ended and the demand for military goods fell dramatically c. deflation was persistent d. inflation occurred and it was primarily demand-pull e. stagflation, the difference between inflation and deflation, was approximately zero