Consider two countries, Alpha and Beta. In Alpha, real GDP per capita is $6,000. In Beta, real GDP per capita is $9,000
Based on the economic growth model, what would you predict about the growth rates in real GDP per capita across these two countries?
A) The growth rate of real GDP per capita in Alpha and Beta will be the same.
B) The growth rate of real GDP per capita will be higher in Alpha than it is in Beta.
C) The growth rate of real GDP per capita will be lower in Alpha than it is in Beta.
D) The economic growth model makes no predictions regarding differences in growth rates of real GDP per capita across the two countries.
B
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Give an example of a positive economic statement and a normative economic statement
What will be an ideal response?
Some critics of antitrust are worried that some firms
a. will seek to increase competition to a dangerous level. b. will collude in order to avoid the laws. c. may use antitrust to prevent competition. d. may go out of business from large damage awards.