Which of the following statements about the Third World is true?
a. Except for Latin America, most Third World citizens live in urban areas.
b. The culture, politics, and geography of the Third World countries are very similar.
c. Third World economies are largely dependent on manufacturing industries.
d. The Third World is made up of non-communist developing countries.
e. About 80 percent of the population of the Third World countries live in China and India.
d
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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
Suppose real GDP was 100 in year 1 and 105 in year 2. The growth rate of real GDP is
A) 0.5 percent. B) 1.5 percent. C) 2.5 percent. D) 5 percent.
How is the concept of present value useful in deciding whether or not to undertake an investment project?
What will be an ideal response?
If the bidders at a first-price auction have true values of $78, $72, $66, and $65, the item will sell for
a. $78 b. just under $78 c. $72 d. just over $72