Over the period 1960-1990,
a. South Korea had a higher growth rate than the United States because it had a higher ratio of investment to GDP.
b. the United States had a higher growth rate than South Korea because it had a higher ratio of investment to GDP.
c. South Korea had a higher growth rate than the United States even though it had a similar ratio of investment to GDP.
d. the United States had a higher growth rate than South Korea even though it had a similar ratio of investment to real GDP.
c
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Use the marginal principle to explain why government mandated safety features in automobiles during the 1960s and 1970s resulted in an increase in collisions between automobiles and bicycles
What will be an ideal response?
Suppose Bev's Bags makes two kinds of handbags-large and small. Bev rents an industrial space where she keeps the fabric, the industrial sewing machine, her measuring board and cutting shears, extra needles, thread and buttons, and labels. Which of the following would be considered a variable cost of this company?
A. The rent B. The fabric C. The cutting shears D. None of these would be considered a variable cost.
The organization responsible for creating and regulating the U.S. money supply is
a. the Department of Commerce b. the Council of Economic Advisers c. the U.S. Mint d. the Federal Reserve System e. the Department of the Treasury
The effect of a change in net taxes on the quantity of real GDP demanded equals the resulting shift in the consumption function times _____
Fill in the blank(s) with the appropriate word(s).