GDP per capita is a relatively good measurement of:
a. the distribution of income. b. purchasing power.
c. household production. d. the standard of living.
d
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Which of the following does competition provide in a market economy?
a. centralized decision-making b. planning committees setting output quotas c. a regulator for the free market system d. government price controls
What is the Fisher Effect? Provide an example
What will be an ideal response?
Politicians will usually
A) prefer to discuss means rather than ends. B) prefer to discuss the issues in specific terms rather than in general terms. C) not like to be perceived as either an extreme "right-winger" or an extreme "left-winger." D) refer to their opponents as "middle-of-the-roaders."
Since 2000, the overall growth rates among emerging countries have been
A. negative every year. B. higher than the overall growth rates among advanced nations. C. positive but lower than the overall growth rates among advanced nations. D. lower than the overall growth rates among other developing nations.