Since the late 1970s, China's growth rate in real GDP per capita has been more than 3.5 times higher than that in the United States. Much of China's growth is likely due to the transition from a communist economy to a market economy
This transition is equivalent to A) moving China's balanced growth path higher.
B) returning China to its original balanced growth path.
C) increasing China's balanced growth path to a level 3.5 times greater than the balanced growth path in the United States.
D) reducing China's balanced growth path to compensate for the increase in real GDP per capita.
A
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The soft drink industry can best be described as:
A) an oligopoly. B) a monopoly. C) perfectly competitive. D) monopolistically competitive.
The fact that the supply curve for a given firm's bond is vertical reflects the fact that
a. at any given point in time there are a fixed number of those bonds in existence. b. firms adjust the number of bonds they issue on a daily basis c. investors do not adjust their portfolios when interest rates change d. government limits the amount of bonds a company can issue
Which groups were opposed to the Bank of the United States?
A) northeastern industrial interests
B) northeastern financial interests
C) southern and western agrarian and small-business interests
D) exporters
If the firm hires 5 workers, the average cost equals
a. $10 b. $1000 c. $80 d. Need more information