How many people still live on less than the equivalent of $1.25 per day (new definition of "extreme poverty")?
a. 100 million.
b. 500 million.
c. 1.4 billion.
d. 2.2 billion.
C
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The above figure shows the domestic market for wheat. Suppose this market is isolated from global competition and the government intervenes by setting a support price of $15 a ton
The quantity bought by domestic users once the price support is in place is A) 300 million tons. B) 400 million tons. C) 250 million tons. D) 200 million tons. E) 100 million tons.
In the tourist-trap model, a consumer might pay more than marginal cost for a good sold in a competitive market if the cost of possibly finding the good cheaper is more than the markup over marginal cost
Indicate whether the statement is true or false
Holding money to meet unplanned expenditures and emergencies is known as
A. precautionary demand. B. transactions demand. C. aggregate demand. D. speculative demand.
Requiring banks to use less leveraging is equivalent to:
A. Expanding the loan portfolio of banks B. Reducing the banks' reserve ratio C. Requiring a higher level of bank net worth D. Requiring banks to accept more deposits