Which of the following statements is likely to be made by someone who believes in the new growth theory?
A) Population growth will limit long-run gains in real GDP per person.
B) Competition will encourage discoveries of new ideas leading to greater economic growth.
C) Choices made by human capital are likely to be inefficient.
D) Economic growth will eventually slow.
E) Although technological changes increase real GDP, these changes are random and unexplainable.
Question 2
In an effort to protect endangered species from the effects of logging in America's national forests, the federal government passes a law prohibiting logging in most of the state of Washington.
Which of the figures above best illustrates the effect of this new law?
A) Figure A
B) Figure B
C) Figure C
D) Figure D
E) None of the above because a prohibition cannot be illustrated using demand and supply figures.
Tip growth by a pollen tube.
Population Growth and Change
Population Growth
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No payments were made on a $2,598 loan during its three-year term. What was the annually ...