Low-income countries are classified as having
a. less than $1,025 per capita income.
b. less than $5,000 per capita income.
c. less than $9,190 per capita income.
d. less than $12,475 per capita income.
a. less than $1,025 per capita income.
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To increase future living standards by pursuing higher current rates of investment spending, an economy must
A. decrease the amount of future research and development spending. B. reduce current rates of consumption spending. C. reduce the current capital stock. D. allow higher rates of current consumption.
If AVC is $10 when P = MC, a firm
A) will have positive economic profits if price is greater than $10. B) is producing too little output. C) should shut down if price is less than $10. D) is experiencing economies of scale.
Which of the following would likely increase the money supply?
a. The purchase of government securities by one bank from another bank b. An increase in the required reserve ratio c. An increase in the reserves of a commercial bank d. An increase in the discount rate e. The sale of government securities by a bank to the Fed
If, over time, a greater proportion of the labor force is comprised of middle-aged individuals, one would expect the natural rate of unemployment to rise
a. True b. False Indicate whether the statement is true or false