If we compare the United States to France, we see that potential GDP per person in France is ________ that in the United States because the French tax wedge is ________ the U.S. tax wedge
A) greater than; larger than
B) the same as; the same as
C) greater than; smaller than
D) less than; smaller than
E) less than; larger than
E
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Which of the following, in order, describes the three steps of the demographic transition?
A. Low birthrates and death rates; high birthrates and low death rates; high birthrates and death rates. B. High birthrates and death rates; low birthrates and high death rates; low birthrates and death rates. C. High birthrates and low death rates; high birthrates and death rates; low birthrates and death rates. D. High birthrates and death rates; high birthrates and low death rates; low birthrates and death rates.
If a person wanted to raise some capital and was unable to borrow it, they could either ________ or _________.
Fill in the blank(s) with the appropriate word(s).