The view that population growth occurs when real GDP per person exceeds the amount necessary to sustain life is part of the ________

When production of a good results in an external cost, the unregulated competitive market equilibrium is inefficient because ________

A) MSC = MC B) MSC = MB C) MSC > MB D) MSC < MB E) MSC is undefined

As the economy recovers from a recession, we should expect that

a. demand for inferior goods will fall and demand for normal goods will rise b. demand for both inferior and normal goods will rise c. demand for inferior goods will rise and demand for normal goods will fall d. demand for both inferior and normal goods will fall e. demand for complements will fall