Refer to the above table (all figures in millions). Which country experienced the greatest economic growth from 2014 to 2015?
A) A B) B C) C D) D
B
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A price-discriminating monopoly
A) sells a larger quantity than it would if it were a single-price monopoly. B) is illegal. C) cannot offer discounts. D) cannot control the price of its product. E) makes a smaller economic profit than it would if it were a single-price monopoly.
A devaluation of the home currency
A) makes foreign goods and services cheaper relative to those sold at home. B) makes domestic goods and services more expensive relative to those sold abroad. C) decreases demand and output. D) increases demand for domestic goods and services. E) increases output and makes domestic goods and services cheaper relative to those sold abroad.
Because the quantity theory of money tells us how much money is held for a given amount of aggregate income, it is also a theory of
A) interest-rate determination. B) the demand for money. C) exchange-rate determination. D) the demand for assets.
When the Lorenz curve lies above the diagonal,
a. the poorest 20 percent of the population receive more than 20 percent of income. b. the richest 20 percent of the population receive more than 20 percent of income. c. everyone receives the same income. d. the country's income has been rising over time. e. it is wrong since it is impossible for the graph to look like this.