Which of the following areas of the world experienced virtually no change in its poverty rate from 1981 to 2010?
A. China
B. South Asia
C. India
D. sub-Saharan Africa
D. sub-Saharan Africa
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What is meant by the demographic transition? What are the differences in the demographic transition between the current developed economies and developing countries?
What will be an ideal response?
How does the principal-agent problem increase the possibility of moral hazard?
What will be an ideal response?
Over the long run, migration by workers to higher-wage regions:
a. allows wages to equalize across regions. b. explains why wage differentials may persist. c. causes disequilibrium in the labor market. d. increases wages further in those regions.
The SRAS would be vertical: a. if there was no profit effect
b. if there was no misperception effect. c. if there was no profit effect or misperception effect. d. under no conceivable set of circumstances.