The international poverty line at $1.90 a day at purchasing power parity means that in each country the poverty line is the amount that will allow you to buy a basket of goods equivalent to what $1.90 would buy:

A. in the United States.
B. in the average economy of all the countries that use the index.
C. in the richest of the countries that uses the index.
D. in the poorest of the countries that uses the index.


Answer: A

Economics

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Based on the information in the table, if the public had not decided to hold more currency in 1932, but the actions of the Federal Reserve and the banks remained the same, the money supply at the end of 1932 would have been:  Currency held by public (in billions)Reserve-deposit ratioBank reserves (in billions)Money supply (in billions)December 1931$4.590.095$3.11$37.3December 1932$4.820.109$3.18$34.0

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The higher the opportunity cost of borrowing, the higher the amount of investment, other things constant.

a. true b. false

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