Which of the following countries is a middle-income country, which over the past century had a higher rate of economic growth than the United States?
a. Japan
b. Mexico
c. Canada
d. Argentina
Ans: b. Mexico
Economics
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If the price of automobiles were to decrease substantially, the demand curve for pizza would most likely
A) shift rightward. B) shift leftward. C) remain unchanged. D) remain unchanged while quantity demanded would change.
Economics
Suppose a monopolist sells 10,000 units of output at $22 per unit. The firm's total revenue is
A) $2,200. B) $22,000. C) $220,000. D) $2,200,000.
Economics
The difference between the value of a country's merchandise exports and merchandise imports is known as the balance
a. of payments. b. of merchandise trade. c. on current account. d. on capital account.
Economics
Explain how the prices of goods and services used in the CPI differ from the prices reflected by GDP deflator
Economics