Generally speaking, the percent of people living in poverty in the United States is larger in the south than it is in the north
a. True
b. False
A
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Decentralized market-based financial systems improve the allocation of saving by:
A. eliminating the need for commercial banks or other financial intermediaries. B. ensuring capital gains exceed dividend payments. C. providing information and risk-sharing services. D. matching net capital inflows to net capital outflows.
Another term for negative externalities is
A) bad vibrations. B) non-marginal costs. C) spillover costs. D) sunk costs. E) surplus product.
When the Gizmo Company could sell a gizmo for $10, it produced 2,500 per month. More recently, the price of a gizmo has fallen to $9 and so Gizmo is only producing 2,000 units per month. What is the price elasticity of supply for gizmos?
A) 0.47 B) -0.47 C) -2.11 D) 2.11
Suppose you are a U.S. importer purchasing coffee from Guatemala at a dollar price of $10,000 . If the bank charges $0.12 per quetzal, you would have to buy 120,000 quetzals to settle the account with the Guatemalan exporter
a. True b. False Indicate whether the statement is true or false