The poverty rate in 2008 was _________ the poverty rate in 1960.
A. much lower than
B. a little lower than
C. about the same as
D. a little higher than
A. much lower than
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The outcome of first-degree price discrimination is:
A) Pareto efficient with equity. B) Pareto efficient with inequity. C) Pareto inefficient with inequity. D) Pareto inefficient but is equitable.
In a competitive price-taker market,
a. many other sellers are offering a product that is essentially identical. b. consumers have more influence over the market price than producers do. c. government intervention prevents firms from influencing price. d. producers agree not to change the price.
Mugabe's new money:
A. didn't increase inflation rates in Zimbabwe. B. caused Zimbabwe's deflation to get even worse. C. helped pull Zimbabwe out of its recession. D. didn't increase productivity in Zimbabwe.
Fiscal policy affects:
A. the demand for a currency but not the supply. B. the supply of a currency but not the demand. C. both the supply and demand for a currency. D. neither the supply of a currency nor the demand.