Over the last 50 years, the poor have:
A. become richer at a slower rate than the rich, and so inequality has grown.
B. become richer at a slower rate than the rich, and so inequality has decreased.
C. become richer at the same rate as the rich, and so inequality has stayed the same.
D. become poorer, while the rich have become richer, and so inequality has grown.
A. become richer at a slower rate than the rich, and so inequality has grown.
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Industrial market countries are also referred to as
a. developing countries b. low-income economies c. middle-income economies d. transitional economies e. high-income economies
While waiting in line to buy a cheeseburger for $2 and a drink for 75 cents, Aaron notices that the restaurant has a value meal containing a cheeseburger, drink, and French fries for $3 . For Aaron, the marginal cost of purchasing the French fries:
a. would be zero. b. would be 25 cents. c. would be 50 cents. d. cannot be determined because the information about the price of the French fries is not provided.
Danzon and Furukawa (2003) argue that:
a. the provision of government-provided free care increases the availability of newly introduced drugs to everyone covered by the government plan. b. generic competition in the U.S. has not done much to lower drug prices or spending. c. price controls in the U.S. would lower drug prices without affecting the overall availability of branded drugs or lowering incentives for future drug development. d. pharmaceutical price differences across countries are roughly in line with differences in per capita GDP, supporting the predictions of Ramsey pricing practices.
For any pair of nations and goods, if each country has a comparative advantage in the production of one product, it is reasonable to expect that specialization and trade will benefit both countries.
Answer the following statement true (T) or false (F)