Autarky is a situation in which a country is economically
A. destroyed.
B. underdeveloped.
C. self-sufficient.
D. dependent on trade.
Answer: C
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As all available statistics show us, because the average annual population growth is 1.4 percent higher in developing countries than in industrial nations, economic growth is lower in low-income countries
a. True b. False Indicate whether the statement is true or false
What do all expansions and recessions since 1950 have in common?
a. Changes in oil prices. b. Changes in interest rates. c. Changes in spending. d. Changes in productivity. e. None of the above.
In Figure 32.1, at the supported price-quantity combination where production is unlimited, and the government buys the excess, the producer surplus is Image
A. HP*C. B. APfloorB. C. HPfloorE. D. P*AC.
Given C = 200 + 0.75YD, the multiplier is
A. 0.75. B. 0.25. C. 4. D. 1.33.