Which of the following has been observed in the developing countries during 1990-2016?
A. The East Asian countries like South Korea, Singapore, and Taiwan reported negative growth rates.
B. Countries like China and Vietnam reported positive but low growth rates.
C. Several of the countries in Eastern Europe and Central Asia that were making a transition from a centrally planned economy to a market-based economy reported a decline in the per capita income.
D. The dispersion in the growth rates of the developing countries has been negligible during 1990-2016.
Answer: C
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Which of the following is TRUE?
I. As the real interest rate increases, people increase the quantity they save. II. The supply of loanable funds curve is downward sloping. III. As disposable income increases, the supply of loanable funds curve becomes steeper. A) I and III B) II and III C) I only D) III only
A sales tax is imposed on the sellers of gasoline. This tax shifts
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National defense and coastal lighthouses are examples of
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What are the advantages of a fractional reserve banking system compared to a system that requires 100 percent of deposits to be kept on reserve?