Which of the following statements is true?
a. There is no single correct strategy for economic growth and development.
b. In general, GDP per capita is highly correlated with alternative quality of life measures.
c. The World Bank is affiliated with the United Nations and makes long-term low-interest loans to LDCs.
d. All of these.
d
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Based on the answer above, the price for iPads _____________ and the quantity demanded for iPads ____________
a. Increase; increase b. Increase; decrease c. Decrease; increase d. Decrease, decrease
The benefit to sellers of participating in a market is measured by the
a. amount of taxes collected on sales of the good. b. producer surplus. c. amount sellers receive for their product. d. sellers' willingness to sell.
Which of the following statements is false?
A) For purposes of computing GDP, the purchases of new residential housing are considered investment although it is undertaken by the household sector. B) Consumption includes spending on durable goods but not spending on services. C) Investment includes fixed investment but not inventory investment. D) b and c
The U.S. antitrust enforcers determine whether a merger violates antitrust laws by examining
A) both the resulting change in the HHI and the level of post-merger HHI. B) only the resulting change in the HHI but not the level of HHI after the merger. C) both the size of the market after the merger and the profits of the mergers. D) whether the mergers are monopolies before they merge.