Compared to countries with less economic freedom, countries with more economic freedom
a. achieve higher per person income levels, but they also have higher poverty rates.
b. grow more rapidly, but the income levels of the poor are largely unaffected by the higher growth rates of the freer economies.
c. achieve both higher income levels per person and lower rates of poverty.
d. grow less rapidly and experience higher poverty rates.
C
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From 1945 until 1973, the U.S. economy experienced ________
A) rapid inflation B) no major recessions or depressions C) minimal interaction with the global economy D) all of the above E) none of the above
The corn basis in Nevada is about -$0.30/bu. The corn basis in Gilbert is about -$0.20/bu. Where should a corn farmer living in Ames, halfway between Nevada and Gilbert, ship his corn to make the most money?
A. Nevada. B. Gilbert. C. They both give the same return to the farmer if transportation to each destination costs the same. D. None of the above.
How does a rise in the foreign exchange rate affect aggregate demand in the United States? Explain your answer
What will be an ideal response?
Given that the firm offers both the products, what prices can it offer to motivate the two groups to profitably self-sort into buying the correct brand
a. No-name $60; High-end $100 b. No-name $50; High-end $100 c. No-name $50; High-end $90 d. No-name $60; High-end $90