All else equal, a nation that has a high rate of _____ will have a high rate of _____ and therefore a high growth rate of _____ capital
Fill in the blank(s) with the appropriate word(s).
savings; investment; physical
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Students who talk loudly with each other in class
A) create an externality because other students cannot follow the lecture as well. B) disturb nobody. C) benefit the other students in class because they engage in conversation. D) only create an externality if they talk about something unrelated to class.
An example of an oligopoly is: a. the book industry
b. the music CD industry. c. the automobile industry. d. the market for soybeans.
Approximately ____ percent of federal government spending in 2007 was for transfer payments and interest payments
a. 5 b. 10 c. 55 d. 30 e. 75
The poverty gap is the
a. absolute number of people below the international poverty line. b. percentage of the population below the international poverty line. c. consumption (measured in dollars) necessary to bring everyone living below the poverty line up to the poverty line. d. percentage of a country's total consumption necessary to bring everyone in the country living below the poverty line, up to the poverty line.