Just under half of the people in the world who live in extreme poverty live in China and India combined.
Answer the following statement true (T) or false (F)
True
Concentrations of extreme poverty are alarmingly high in dozens of smaller, less developed nations like Mali, Haiti, and Zambia, where average incomes are also shockingly low. However, the greatest number of extremely poor people reside in the world's largest countries. China and India alone contain a third of the world's population and 40% of the world's extreme poverty.
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Whether or not people have identical tastes, the net value that the marginal user receives from a common property is
a. positive. b. zero. c. negative. d. uncertain.
Suppose the elasticity of demand for Mexican food is 3.00 and the elasticity of supply is 1.20. If the government imposes a sales tax on Mexican food, which of the following occurs?
i. Less Mexican food is purchased by buyers. ii. Less Mexican food is produced by sellers. iii. The government receives the excess burden as revenue. iv. Both the consumer surplus and the producer surplus decrease. A) i and ii B) iii only C) i, ii, and iv D) iv only E) i, ii, iii, and iv
Governments can impede economic growth for many reasons. Which of the following is not a major reason?
a. Government borrowing can crowd out private investment. b. High taxes can reduce consumption & investment, and they can reduce the incentive to work. c. Government projects may have relatively low marginal returns. d. Governments may spend more than they earn in tax revenues. e. Regulation may damage production incentives.
According to Bill Gates, from the World View article titled "The Way We Give: Philanthropy Can Step In Where Market Forces Don't," more than 90 percent of the money devoted to health research is spent on those who
A. Are the healthiest. B. Live in developing countries. C. Are balding. D. Have malaria.