An important development indicator is the
a. Human Development Index
b. purchasing power parity
c. exchange rate
d. Physical Quality of Life Indicator
e. all of the above
A
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A nation's growth rate will most likely ________ as it converges to a new, higher balanced growth path
A) speed up B) slow down C) maintain its current pace D) become negative
Last year, on advice from your sister, you bought stock in Burpsy Soda at $100/share. During the year, you collected a $2 dividend and then sold the stock for $120/share. You experienced a
A) dividend yield of 9%. B) dividend yield of 20%. C) dividend yield of 11%. D) total return of 20%. E) total return of 22%.
The field of economics that would be most concerned with a recent fall in interest rates is:
A. microeconomics. B. macroeconomics. C. marginal economics. D. economic naturalism.
One In the News article in the text titled "The Real March Madness: Ticket Prices " described how professional scalpers use the Internet to sell hard-to-get tickets to concerts and sporting events. Apparently the initial price of the tickets being scalped was too
A. Low for equilibrium, resulting in a surplus of tickets. B. High for equilibrium, resulting in a shortage of tickets. C. High for equilibrium, resulting in a surplus of tickets. D. Low for equilibrium, resulting in a shortage of tickets.