Just under half of the people in the world who live in extreme poverty live in China and India combined.
Answer the following statement true (T) or false (F)
True
Concentrations of extreme poverty are alarmingly high in dozens of smaller, less developed nations like Mali, Haiti, and Zambia, where average incomes are also shockingly low. However, the greatest number of extremely poor people reside in the world's largest countries. China and India alone contain a third of the world's population and 40% of the world's extreme poverty.
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What is the relationship among the current account, the financial account, and the balance of payments?
What will be an ideal response?
The short-run break-even price
A) is the price at which the firm's current liabilities are paid off. B) is the price at which a firm's total revenues equal total costs. C) occurs at the output at which the firm yields a below normal rate of return. D) occurs at the output at which the firm yields a positive economic profit.
If you agree to a long-term loan at a specified nominal rate of interest and inflation turns out to be higher than was anticipated,
A) the nominal rate of interest falls. B) the nominal rate of interest rises. C) the real rate of interest falls. D) the real rate of interest rises.
Refer to the information provided in Figure 3.3 below to answer the question(s) that follow.
Figure 3.3Refer to Figure 3.3. As your income increased, the demand for X shifted from D1 to D2. Good X is
A. an income-neutral good. B. an inferior good. C. a normal good. D. a luxury good.