Per capita GDP will definitely fall if

A. There is a decrease in the size of the working population.
B. The population falls.
C. The rate of economic growth falls.
D. The rate of economic growth is less than the rate of population growth.

Answer: D

Economics

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Change in the price of a good causes the demand schedule for that good to shift

a. True b. False Indicate whether the statement is true or false

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In some cases, selling pollution permits is a better method for reducing pollution than imposing a corrective tax because

a. it is hard to estimate the market demand curve and thus charge the "right" corrective tax. b. selling pollution permits create a net increase in pollution. c. Corrective taxes distort incentives. d. Corrective taxes provide greater flexibility to firms that can reduce pollution at a low cost.

Economics