Consider the nations of India, Indonesia, and Japan. Over the past century, which of these three nations has experienced, by far, more rapid economic growth than the other two nations?
Japan's growth rate (2.65 percent per year) easily surpasses the growth rates of India (1.45 percent per year) and Indonesia (1.41 percent per year).
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If a person were given the choice of a $500 credit or a $500 deduction,
A. he would take the deduction if he were poor but the credit if he were rich. B. he would take the deduction if he were rich but the credit if he were poor. C. he would take the deduction every time. D. he would take the credit every time.
If money is declared to be legal tender, it must be
A) minted from a precious metal. B) acceptable to citizens of foreign countries. C) possible to exchange it for an equivalent amount of precious metal. D) accepted to settle private transactions and it must be used in paying taxes.
The establishment of Jamestown in 1607 was financed by
a. the London Company. b. the Plymouth Company. c. the English Parliament. d. Sir Walter Raleigh.
Unemployment rates in many continental European countries have been consistently higher compared to the United States. The difference is mostly
a. due to differing monetary policies b. cyclical unemployment c. frictional unemployment d. structural unemployment e. seasonal unemployment