Low-income countries are largely responsible for excess carbon dioxide emissions globally
Indicate whether the statement is true or false
FALSE
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In the final two decades of the twentieth century, average per capita global income
A) decreased by approximately 6 percent. B) increased by approximately 35 percent. C) increased by more than 75 percent. D) remained relatively unchanged.
Refer to Figure 14.2. Other things equal, an increase in worker productivity would best be represented by a movement from
A) point A to point B. B) point B to point A. C) point C to point A. D) point C to point B.
Refer to Figure 8.5. If the actual wage in this economy is represented by w2, employment in this economy is represented by
A) L1. B) L2. C) L3. D) 0.
Economists call the difference between what you pay for a good and what you would have been willing to pay for it a(n)
a. budget deficit b. consumer deficit c. consumer marginal benefit d. consumer surplus e. economic benefit