The region with the highest percentage of people who live on less than $1.90 a day is:

A. China.
B. sub-Saharan Africa.
C. South Asia.
D. None of these is true.


Answer: B

Economics

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Because there is no way to account for them, the official unemployment rate does not include discouraged workers. What would happen to the unemployment rate if, because of a program that gave them new hope, all discouraged workers suddenly begin reporting themselves as ready to work?

a. The official unemployment rate would remain unchanged. b. The size of the labor force would increase. c. The size of the labor force would remain unchanged. d. The official unemployment rate would decrease. e. The size of the underground economy would shrink.

Economics

Producer surplus is the difference between ______.

a. what a producer is paid for a good and the cost of producing one unit of that good b. what a consumer is willing and able to pay for one unit of a good and the price actually paid c. the profit a producer makes and the profit remaining after taxes are paid d. the number of goods produced and the number of goods sold

Economics

Economists John Cogan, Glenn Hubbard, and Daniel Kessler have estimated that ________ the tax preference for employer-provided health insurance would reduce spending by people enrolled in these programs by 33 percent

A) enacting B) doubling C) cutting in half D) repealing

Economics

According to most estimates, the size of the "underground" economy in the United States could be as large as

A. 10% of GDP. B. the "above-ground" economy. C. the state of Rhode Island. D. the economy of China.

Economics