The definition of economic growth is the annual percentage
A) increase in the per capita real GDP.
B) increase in the per capita nominal GDP.
C) increase in the total nominal GDP.
D) increase in total exports.
A
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Mr. Smith put his laptop up for sale. He is aware of the fact that the laptop malfunctions frequently
However, none of the potential customers who came to buy the laptop were able to discover the problem and one of them actually bought it at a remunerative price. This occurred due to ________. A) the presence of asymmetric information B) the presence of positive externalities C) the presence of negative externalities D) the selective retention of information by sellers
Explain how international trade and trade policy helped South Korea transform itself from an underdeveloped country to a high-income country in the space of a single generation. You might begin by discussing South Korea's trade strategy
Why is international trade of such vital importance to South Korea?
In order to maximize profits
A) the derivative of total revenue with respect to quantity must be less than the derivative of total cost with respect to quantity. B) the derivative of total revenue with respect to quantity must be greater than the derivative of total cost with respect to quantity. C) the derivative of total revenue with respect to quantity must equal the derivative of total cost with respect to quantity. D) none of these choices.
It is possible for the dollar to appreciate against the Japanese yen while depreciating against the British pound
a. True b. False Indicate whether the statement is true or false