Which of the following countries began economic liberalization in the 1970s and have achieved an impressive record of economic growth since that time?
a. Venezuela and Zimbabwe
b. China and Chile
c. Mexico and Canada
d. United States and Norway
B
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Globalization has given U.S. consumers a wider variety of gourmet food products from which to choose and has lowered the prices of these products in general
This, in turn, has encouraged consumers to buy more gourmet food items, which has ________ the amount of cooperative surplus for the buyers and sellers of gourmet food products. A) increased B) decreased C) not changed D) reduced to zero
Which country has had a higher growth rate than the US over about the last 120 years?
a. Argentina b. Germany c. the United Kingdom d. None of the above is correct.
What does GGD stand for?
(a) Government's Great Deeds. (b) General Government Deficit. (c) General Government Debt. (d) General Government Defence.
The marginal rate of substitution is the
A. rate at which the consumer increases utility. B. absolute value of the indifference curve. C. tradeoff rate between the two goods under consideration at any particular point. D. total utility derived at any point.