If Country A and Country B have the same population size, then the standard of living in these two countries can still be different depending on:
A. their respective political systems.
B. the relative sizes of total output.
C. their respective inflation rates.
D. their relative geographic size.
Answer: B
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Under the efficient markets hypothesis, what would be the price per share of a company whose current dividend is $10.00 and whose dividends are expected to grow by 3% per year (assume the risk-adjusted interest rate is 10%)?
A) $74.62 B) $79.23 C) $142.86 D) $147.14
Price controls often generate
A) more efficient markets. B) black markets. C) rapid adjustment to market-clearing prices. D) greater price flexibility.
The change in the aggregate quantity of goods and services demanded in the U.S. is based on the logic that as the price level falls,
a. real wealth falls, interest rates rise, and net exports fall. b. real wealth falls, interest rates rise, and net exports rise. c. real wealth rises, interest rates fall, and net exports fall. d. real wealth rises, interest rates fall, and net exports rise.
Which equation is used by a manager when considering total cost?
A. total costs (TC) = average total costs (ATC) B. total costs (TC) = consumption (C) + investment (I) + government (G) C. total costs (TC) = total fixed costs (TFC) + total variable costs (TVC) D. total costs (TC) = average fixed costs (AFC) + number of workers