Author Question: If real GDP per capita is decreasing, real output is: a. growing less rapidly than the population. ... (Read 118 times)

809779

  • Hero Member
  • *****
  • Posts: 579
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

  • Sr. Member
  • ****
  • Posts: 338
Answer to Question 1

a

Answer to Question 2

b



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

For a complete list of videos, visit our video library