When observing economic growth and literacy rates, it is clear that:
a. economic growth causes higher literacy rates
b. economic growth may be a consequence of improved education.
c. improved levels of education may be the result of increasing economic growth.
d. all of the above are likely to be true.
d
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The more limited information, the _____ the new classical AS curve
a. flatter. b. steeper. c. horizontal. d. downward sloping. e. none of the above.
Malthus's gloomy economic outlook for humankind is based on the following principle: a. Population, when unchecked, increases at a faster pace than the production of output
b. Population grows at a slower pace than the production of output. c. Resources grow faster than humankind can reproduce itself. Therefore, humankind can never take full advantage of available resources. d. Resources and population grow at constant percentage rates, but political divisions prevent an equitable division of world output.