There is substantial evidence to conclude that there is a very tight link between being a developing country and being an exporter of primary products.
Answer the following statement true (T) or false (F)
False
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________ is considered a high income country, ________ a developing country, and ________ a newly industrializing country
A) Canada; France; Singapore B) Honduras; New Zealand; South Korea C) Japan; Hong Kong; South Korea D) United States; Somalia; Taiwan
If a firm has consumers with different demands practices two-part pricing and it is profitable for the firm to sell to all consumer types, the profit-maximizing user fee will be ________ the firm's marginal cost of use.
A) greater than B) double C) less than D) equal to
If the price of a good increases by 10 percent, its quantity demanded drops by 50 percent. The price elasticity of demand is:
A. 1.0 B. 0.2 C. 5.0 D. 2.0
Monetary policy includes changes in government spending
a. True b. False Indicate whether the statement is true or false