According to your text, which of the following countries has experienced the highest annual per capita Gross Domestic Product (GDP) growth rate since 1970?
A. United States
B. Mexico
C. China
D. Germany
Answer: C
You might also like to view...
Imagine that you are an entrepreneur, making designer t-shirts in your garage. Your total cost (in dollars) is given by the equation TC = 300 + 10Q, where Q represents the number of t-shirts you make. If you make 1,000 t-shirts, your average total cost is ________.
A. $1.03 B. $3 C. $10.30 D. $3.10
A demand curve shows how quantity demanded changes as the price changes. It implies that
a. only a change in price can shift a demand curve b. everything else that affects demand is assumed to be constant c. quantity demanded is unrelated to price d. economists are concerned only with money e. it is impossible to show how anything but price affects demand
Saving and borrowing is indicative of a family that
a. is most likely to be poor. b. has a difficult time balancing its standard of living. c. does not adjust its standard of living to reflect transitory changes in income. d. is most likely millionaires.
When the price of a normal good decreases, the substitution effect causes the quantity
a. true b. false