According to the World Bank, low-income economies are heavily concentrated in:
a. Europe and Africa.
b. Europe and Asia.
c. Asia and Africa.
d. Asia and Australia.
e. North America and Australia.
c
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A period of very high and accelerating inflation is known as
A) deflation. B) disinflation. C) hyperinflation. D) nuclear inflation.
The marginal factor cost of the third laborer is ________ if the labor supply curve faced by a firm has the following wage-quantity coordinates: 
A. 25 B. 30 C. Cannot be determined until the nature of the product market is known D. 15
An important element that is excluded from U.S. poverty figures is:
A. interest income. B. earned income. C. in-kind transfers such as food stamps and housing assistance. D. income tax.
Refer to the information provided in Figure 29.1 below to answer the question(s) that follow.
Figure 29.1Refer to Figure 29.1. If policy makers decide to on a policy at Point t5 but it does not affect the economy until period t7, then the policy choice is likely to be
A. ineffective. B. inappropriate. C. optimal. D. none of the above.