Questions 2

Question 0

Thomas _______ argued that the rate of human population growth will inevitably outpace the growth rate of resources like food.

Answer 0

Malthus

Question 1

With respect to _______ indexes, a situation where inflation and unemployment are both high is called _________?

Answer 1

Price; stagflation

Question 2

According to _______ Smith, self-interested gain provides social and economic benefits for all by way of what he called the ________

Answer 2

Adam; invisible hand

Question 3

A depression is a severe?

Answer 3

Recession

Question 4

As opposed to the GNP, the _______ is a measure of the total value of final goods and services produced by both domestic and foreign companies operating within the United States.

Answer 4

GDP

Question 5

When the demand quantity for widgets is equal to the produced supply of widgets, the relationship of supply and demand is said to have reached?

Answer 5

Equilibrium

Question 6

The largest portion of government revenues comes from individual _______ taxes.

Answer 6

Income

Question 7

The _______ is a monthly, statistical measure of rate or pace of inflation or?

Answer 7

Consumer price index (CPI); Deflation