The main point of the Consider This box about hypothetical countries Slogo, Sumgo, and Speedo is that over several decades differing:
A. inflation rates create large differences in real GDP per capita.
B. economic growth rates create large differences in real GDP per capita.
C. ratios of defense spending to GDP create large differences in real GDP per capita.
D. unemployment rates create large differences in real GDP per capita.
B. economic growth rates create large differences in real GDP per capita.
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What is the definition of the unemployment rate? How are part-time workers and discouraged workers treated when calculating the unemployment rate?
What will be an ideal response?
What are the major ways that the risks of exchange rate changes can be hedged against?
What will be an ideal response?
Thinking about the Coase theorem, the private solution yields __________ amount of efficiency and ___________ distribution of surplus as compared to a government solution.
A. the same; the same B. the same; a different C. a different; the same D. a different; a different
A patent
A. is a right granted to an inventor by the government to be the exclusive seller of a good. B. makes inventing the good less appealing. C. is better for a writer of books than it is for an inventor of medicines. D. is never granted for inventions anymore.