The empirical evidence indicates that compared to economies that are less free, countries with institutions and policies more consistent with economic freedom
a. grow more rapidly, but experience higher poverty rates.
b. achieve higher income levels per person but experience higher poverty rates.
c. grow more rapidly and achieve larger poverty rate reductions.
d. Experience less rapid rates of economic growth and higher overall poverty rates.
C
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Refer to the table below. If Stuffed Pies is currently producing 13 units of quality, to maximize profit, Stuffed Pies should ________ the units of quality.
Stuffed Pies is a frozen calzone manufacturer. The table above summarizes Stuffed Pies' marginal revenue and marginal cost of quality at various quality amounts.
A) not change
B) increase by 50 percent
C) decrease
D) increase
In calculation of squared forecast errors, an error of +3 yields a loss three times greater than an error of ?1.
Answer the following statement true (T) or false (F)
When prices are used as a rationing device, goods that are relatively more scarce than they used to be will have
A. long queues. B. lower excess demands. C. greater demand. D. higher prices.
If there is unrest in the Middle East, and Saudi Arabian investors purchase German securities, the
A) demand for Saudi Arabian currency will fall. B) demand for Saudi Arabian currency will rise. C) supply of Saudi Arabian currency will fall. D) supply of Saudi Arabian currency will rise.