Author Question: If the per capita real GDP in a country grows, it definitely implies that the average citizen of ... (Read 79 times)

SO00 · **on:** Jun 30, 2018

If the per capita real GDP in a country grows, it definitely implies that the average citizen of that country is better off.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Suppose the United States government is successful in reducing the flow of drugs into the United States. What impact does this have on the supply and demand curves for illegal drugs.
a. supply decreases, demand is unaffected, and price increases.
b. demand decreases, supply is unaffected, and price decreases.
c. demand and supply both decrease, leaving price essentially unchanged.
d. supply decreases, demand increases, and price increases substantially.