A decrease in population can be expected to

a. raise land rent
b. increase the supply of land
c. decrease the demand for land
d. increase the demand for land
e. decrease the supply of land

C

Economics

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Which of the following is the calculation that tells us the proportion of trade in each product involving both imports and exports?

a. the index of overlapping production b. the index of effective trade c. the index of intra-industry trade d. the index of displacement

Economics

In order to measure gross domestic product, we can follow

A) three approaches: the expenditure approach, the income approach, and the production approach. B) only one approach: the circular flow approach. C) two approaches: the expenditure approach and the income approach. D) only one approach: the national accounts approach. E) three approaches: the expenditure approach, the income approach, and the market-based approach.

Economics