What is the main cause of the uneven distribution of economic growth seen around the world?
Please provide the best answer for the statement.
The main cause of the large differences in the per capita GDP levels of countries around the world is their different starting dates for modern economic growth.
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Kate's Great Crete (KGC) is a local monopolist of ready-mix concrete. Its annual demand function is Q = 20,000 - 400P, where P is the price, in dollars, of a cubic yard of concrete and Q is the number of cubic yards sold per year. What is the difference between price and marginal revenue when KGC sells 5,000 cubic years of concrete per year?
A. $12.50 B. $25.00 C. $37.50 D. $50.00
A union can always get the wage rate it demands from a monopsonist, but not from a perfectly competitive employer
Indicate whether the statement is true or false
If the inflation rate turns out to be less than was is expected to be, the clear winners are
A. lenders. B. borrowers. C. businesses. D. people on fixed incomes.
Refer to the information provided in Figure 2.1 below for the economy of Macroland to answer the question(s) that follow.
Figure 2.1Refer to Figure 2.1. If Macroland's economy is at Point A, it could produce more capital goods
A. only with additional resources. B. without sacrificing any consumer goods. C. only by sacrificing some consumer goods. D. only with technological improvements.