In measuring income distribution, income and population are grouped by quintiles, each of which represents ______ percent of the income and population
a. 25
b. 20
c. 10
d. 100
e. 50
B
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If the domestic consumers of a good benefit from free trade, it suggests that the country:
A. is a net importer of that good. B. is not able to produce that good. C. is a net exporter of that good. D. has a comparative advantage in that good.
Which of the following about economic growth is true?
a. The developed nations are growing rapidly and the less-developed nations are stagnating. b. Most of the countries that have achieved the highest growth rates in the world during the last quarter of a century were classified as LDCs in 1980. c. It is an oversimplification to divide the world into the growing, developed nations and the stagnating, less-developed nations. d. Both b and c are true. e. All of the above are true.
Over the past two decades, the U.S. has persistently exported more goods and services than it has imported
a. True b. False Indicate whether the statement is true or false
Game theory shows that cartels
a) should be expected b) allow firms to maximize joint profit c) allow firms to overcome the less desired outcome consider with the person's dilemma d) all of the above