Brazil, Russia, and Thailand are referred to as:
A. Industrially advanced countries
B. Middle-income developing countries
C. Low-income developing countries
D. Command economies
B. Middle-income developing countries
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Refer to Figure 14.3. Suppose the economy is initially at long-run equilibrium and the Fed increases the target inflation rate, and to hit this rate, it must reduce the real interest rate. This is best represented by an initial movement from
A) point A to point B. B) point A to point D. C) point A to point C. D) point B to point C.
[Appendix; Advanced Material] Restaurants try to buy just enough fish to match the expected walk-ins and reservations. If they buy a lot more fish, in the language of revenue management:
a. Spoilage increases b. Spillage increases c. Overbooking increases
An increase in the education level inside a nation would cause the:
A. long-run aggregate supply curve to shift to the right. B. long-run aggregate supply curve to shift to the left. C. short-run aggregate supply curve to shift to the left. D. aggregate demand curve to shift to the right.
Which of the following is not an example of a price index computed by the Bureau of Labor Statistics?
a. the Los Angeles price index b. the energy price index c. the producer price index d. the stock price index