As of 1998, living standards in the United States were nearly ______ times higher than those in Africa.

A. 3
B. 8
C. 14
D. 20


Answer: D. 20

Economics

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A decrease in the rate of interest, other things being equal, will cause a:

a. rightward shift of the investment demand curve. b. movement upward along the investment demand curve. c. movement downward along the investment demand curve. d. leftward shift of the investment demand curve.

Economics

Despite being a college graduate, Ethan cannot name any of his representatives in Congress and he has no idea which issues are being debated and voted on this week in Congress. According to public choice analysis, Ethan is

a. irrational. b. considering only the welfare of society and not his own personal interests. c. not intelligent enough to understand the issues. d. making a rational personal choice because knowing these things gives him little personal benefit.

Economics

When the consumer price index is computed, the base year is always the first year among the years being considered

a. True b. False Indicate whether the statement is true or false

Economics

An annuity is a contract that makes monthly payments as long as someone lives. Explain why an individual would want to purchase such a contract. What risk is being transferred?

What will be an ideal response?

Economics