Mexico is
a. a poor country, and over the past century its rate of economic growth has been higher than that of the United States.
b. a poor country, and over the past century its rate of economic growth has been lower than that of the United States.
c. a middle-income country, and over the past century its rate of economic growth has been higher than that of the United States.
d. a middle-income country, and over the past century its rate of economic growth has been lower than that of the United States.
c
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The economic system envisioned by the Constitution _________
a. embodied Adam Smith's emphasis on protecting private property b. used the Civil Code of France, rather than the English Common Law, as its foundation. c. enshrined the traditional 18th century model of mercantilism which allowed the government to have large control over private ownership of goods and services d. fostered Jefferson's idea of a democracy based primarily on agriculture
People have a portfolio demand for money in part because:
A. money is needed to pay brokerage commissions. B. there is no cost to holding money which gives it a relatively high return. C. money is part of a well-diversified financial portfolio. D. the return on money is often higher than other financial assets.
The marginal benefit of each additional unit of a good consumed
A) increases as more is consumed. B) is always equal to its marginal cost. C) decreases as more is consumed. D) will maximize consumer surplus. E) is equal to the deadweight loss if the unit of the good is not produced.
In a country with a working-age population of 150 million, 120 million workers are employed and 10 million workers are unemployed. What is the size of the labor force?
A) 150 million B) 130 million C) 120 million D) 10 million