In comparing growth rates of per capita gross domestic product (GDP) in developing countries over the period of 1990-2016, the highest growth rates were reported in the ________ countries while the lowest growth rates have been reported in the ________ countries.
A. Latin America and the Caribbean; East Asian and the Pacific
B. East Asian and the Pacific; Sub-Saharan African
C. East Asian and the Pacific; South Asian
D. European and Central Asian; Latin America and the Caribbean
Answer: D
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A) gold certificates + other Fed liabilities. B) bank reserves + other Fed liabilities. C) Federal Reserve notes. D) cash + loans + U.S. Treasury deposits.
Cooperation between oligopolistic firms is difficult because
A. each firm has a monopoly power on its own product. B. firms rarely have mutual interests. C. firms gain more through competition. D. each firm has an incentive to "cheat" on the agreements made.
A source of demand volatility for agricultural products is:
A. The strict application of "100 percent parity" by the Department of Agriculture B. A sharp fluctuation in foreign demand for U.S. farm products C. The large grain harvest which resulted from excellent weather D. The increasing mechanization of farms
The paradox of value can be resolved by distinguishing between
A) quantity demanded and quantity supplied. B) supply and quantity supplied. C) normative and positive statements. D) total utility and marginal utility.