Most of the world's nations
A. have transitioned from the Global South to the Global North.
B. belong to the developed world.
C. belong to the developing world.
D. have transitioned from the Global North to the Global South.
Answer: C
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“Fair” outcomes and “efficient” outcomes are always identical.
Answer the following statement true (T) or false (F)
Examples used in the text to illustrate "competition among the few" include all of the following industries except
a. cereal b. airline c. fish d. automobile e. baby food
Total profit is always maximized when __________ equals ____________.
Fill in the blank(s) with the appropriate word(s).
The marginal tax rate is the:
A. Sum of all individual tax rates B. Tax rate paid by those with the lowest family incomes C. Total amount of taxes paid as a percentage of total income D. Increase in taxes as a percentage of an increase in income