Most of the world's population lives in
A) advanced economies.
B) developing economies.
C) transition economies.
D) emerging market economies.
E) island nations.
B
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Ben's cost of making an additional rocking chair is $75
A) If he sells it for a $100, his producer surplus is $25. B) His marginal cost is equal to $75. C) The marginal benefit to the consumer from the chair will be $75. D) Both answers A and B are correct. E) Both answers B and C are correct.
Long-term interest rates are an example of
A) an intermediate target. B) an operating target. C) a monetary policy objective. D) a monetary policy tool.
Long-run growth is sustainable if:
A. it can continue in the face of limited natural resources and the impact of growth on the environment. B. people continue to buy enough goods and services. C. energy prices are low. D. environmental concerns are ignored during global recessions.
Refer to the diagram where curves (a) through (e) are for five different countries. The Gini ratio is:
A. zero in country (e) and 1 in country (a).
B. greater in country (b) than in country (c).
C. zero in country (a) and 1 in country (e).
D. less than 0.5 in country (d).