The birth rate in most LDCs is
A. lower than that of most industrial countries.
B. the same as most industrial countries.
C. much higher than that of most industrial countries.
C. much higher than that of most industrial countries.
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Refer to Table 8-18. What is real GDP in 2016, using 2016 as the base year?
A) $28,885 B) $11,790 C) $11,200 D) $10,275
Svetlana is risk averse. Which of the following is correct about Svetlana?
a. Her marginal utility of wealth increases as her income increases. b. She will always accept a bet if the probability of winning a dollar is the same as the probability of losing a dollar. c. Her utility function is a straight line. d. None of the above are correct.
Which of the following is not a component of the M1 money supply?
A. demand deposits B. large-denomination (more than $100) bills C. interest-earning checking deposits D. outstanding balances on credit cards
Mutual interdependence means that each oligopolistic firm:
A. faces a perfectly elastic demand for its product. B. must consider the reactions of its rivals when it determines its price policy. C. produces a product identical to those of its rivals. D. produces a product similar but not identical to the products of its rivals.