The Apple iPhone is sold in a box labeled "Made in China," but a study by economists at the Asian Development Bank found that the actual percentage of the price of the iPhone accounted for by the only work done in China, which is assembly, is
A) 4 percent. B) 12 percent. C) 25 percent. D) 65 percent.
A
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Refer to the given table.Price Per UnitColumn A Units Per YearColumn B Units Per Year$4011040$459550$508060$556570$605080 Suppose the columns in this table reflect demand and supply. If the current market price is $50, then you would expect:
A. demand to decrease and supply to decrease. B. supply to decrease. C. the market price to fall. D. the market price to rise.
The construction of the interstate highway system in the United States is an example of a government policy to promote economic growth by:
A. improving technology. B. increasing human capital. C. increasing physical capital. D. improving the social and legal environment.
Changes in the consumer price index are useful in predicting changes in the producer price index
a. True b. False Indicate whether the statement is true or false
Senator Smith says that in order to help poor countries develop, the United States should: 1 . Prevent U.S. corporations from investing in poor countries because they take profits that the poor countries should have; 2 . Not import goods from poor countries that use child labor; 3 . Work to promote political stability in poor countries; and 4 . Reduce poor countries' reliance on market forces in
their economies. How many of these ideas are likely to help poor countries grow? a. 1 b. 2 c. 3 d. 4