The poverty trap refers to:
A. poorer countries having a harder time buying the things that will end their poverty.
B. richer countries spiraling downward into poverty if they invest in the wrong industries.
C. richer countries spiraling downward into poverty if they fail to invest enough in physical capital.
D. All of these describe the poverty trap.
A. poorer countries having a harder time buying the things that will end their poverty.
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A tax on suppliers will cause the ________ schedule to shift ________.
A. supply, right B. demand, right C. demand, left D. supply, left
A bond's price is $80 and the bond pays $8 in interest every year. The bond's interest rate is ________
A) 80 percent B) 10 percent C) 4 percent D) 8 percent E) None of the above are correct.
Suppose the marginal utilities for the first three cans of soda are 100, 80 and 60, respectively. The total utility received from consuming 2 cans is
A) 20. B) 80. C) 90. D) 180.
Financial markets
A) channel funds indirectly between borrowers and lenders. B) channel funds directly from lenders to borrowers. C) act as go-betweens by holding a portfolio of assets and issuing claims based on that portfolio to savers. D) generally provide lenders with lower returns than do financial intermediaries.