The World Bank estimates that about ________ of the planet lives below $1.90 a day per person, and ________ lives on less than $3.10:
A. 13%; 50%.
B. 35%; 50%.
C. 1%; 35%.
D. 13%; 35%.
Answer: D
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If tomato growers in Florida lobby the U.S. government to impose an import quota on Mexican tomatoes, who gains from such a quota?
A) Mexican growers B) the U.S. government C) no one D) U.S. consumers E) U.S. growers
Refer to Figure 6-4. The absolute value of the price elasticity of demand at the midpoint of the demand curve is
A) one. B) at a maximum. C) at a minimum. D) zero.
The growth-reducing effects of high public debt are transmitted entirely through high real interest rates on that debt
a. True b. False Indicate whether the statement is true or false
Lower interest rates motivate:
A. firms to invest less in new factories and working capital. B. firms to invest more in new factories and working capital. C. individuals to spend less on consumption goods. D. individuals to spend less on capital goods.