Since 1960, South Korea and Singapore enjoyed an average per-capita growth rates ________ the average industrialized world
A) far below
B) far above
C) about the same
D) slightly below
E) slightly above
B
You might also like to view...
The CPI in 1931 equaled 0.15. The CPI in 1932 equaled 0.14. The rate of inflation between 1931 and 1932 was ________ percent.
A. 1.4 B. -7.1 C. -6.7 D. 6.7
The existence of economies of scale is one reason oligopolies exist because
A) a firm is able to increase price leading to increased profits. B) the marginal cost decreases as output increases. C) of strategic dependence. D) as output increases average total cost decreases leading to large-scale firms.
For an oligopoly, when the quantity effect does not outweigh the price effect, the firm:
A. has an incentive to increase output. B. has no incentive to decrease output. C. has no incentive to increase output. D. None of these statements is true.
If a country is currently producing inside its production possibilities curve
A) it can increase the production of both goods by putting unemployed resources to work. B) it can increase the production of one of the goods only if it reduces the production of the other good. C) it is experiencing efficient production of one good but not the other. D) None of the above are correct.