
Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772
Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772 Exercise 8
Identify following arguments about economic growth as being either anti-growth or pro-growth.
a. Growth means worker burnout and frantic schedules.
b. Rising incomes allow people to buy more education, medical care, and recreation.
c. The Earth has only finite amounts of natural resources.
d. We still have poverty, homelessness, and discrimination even in the richest countries.
e. Richer countries spend more money protecting the environment.
f. Natural resource prices have fallen rather than increased over time.
a. Growth means worker burnout and frantic schedules.
b. Rising incomes allow people to buy more education, medical care, and recreation.
c. The Earth has only finite amounts of natural resources.
d. We still have poverty, homelessness, and discrimination even in the richest countries.
e. Richer countries spend more money protecting the environment.
f. Natural resource prices have fallen rather than increased over time.
Explanation
a. This is an anti-growth argument. They...
Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
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