Author Question: If real GDP per capita is decreasing, real output is: a. growing less rapidly than the population. ... (Read 94 times)

809779

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If real GDP per capita is decreasing, real output is:
 a. growing less rapidly than the population.
  b. growing more rapidly than the population.
  c. growing at the same rate as the population.
  d. growing more rapidly than are prices.

Question 2

A person has a comparative advantage in producing a good if that person:
 a. can produce the good at a lower absolute cost than anyone else.
  b. can produce the good at a lower opportunity cost than anyone else.
  c. can do a better job than anyone else.
  d. spends more money in out-of-pocket expenses than anyone else.
  e. can produce the good at a higher opportunity cost than anyone else.



durant1234

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Answer to Question 1

a

Answer to Question 2

b



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