According to the World View chart in the text, from highest to lowest real GDP, which is correct?
A. United States, China, Germany, Japan, Canada.
B. United States, Japan, China, Germany, Britain.
C. USA, China, Japan, Germany, Britain.
D. United States, China, Japan, Germany, Britain.
Answer: C
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If one euro nation is experiencing rapid growth and inflation while another is facing sluggish growth and recession:
A. the two countries will disagree about the monetary policy that ought to be employed by the European Central Bank. B. only an appreciation of the euro can help both countries simultaneously. C. the European Central Bank ought to employ a tight monetary policy. D. the European Central Bank ought to employ an easy monetary policy.
Public goods are ________ in consumption
A) excludable but non-rival B) non-excludable and non-rival C) rival but non-excludable D) excludable and rival
Panel data requires
A. data on individual entities. B. time. C. neither data on individual entities nor time. D. both data on individual entities and time.
The number of labor union members reached its peak in the decade of the
A. 1950s. B. 1960s. C. 1970s. D. 1980s.