Suppose two countries have per capita real GDP of $20,000 in 2012. Country A has a growth rate of 4 percent and Country B has a growth rate of 5 percent. By 2015, the per capita real GDPs for the two countries, respectively, are (rounded)
A) $21,630 and $22,050.
B) $22,400 and $23,000.
C) $22,500 and $23,150.
D) $25,000 and $26,500.
C
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In the above figure, while drawing the line showing the relationship between the price of a pound of peanuts and the quantity sold, the
A) price of a pound of pecans does not change. B) price of a pound of peanuts does not change. C) the quantity of peanuts that farmers supply does not change. D) Both answers A and B are correct. E) Both answers B and C are correct.
Lori, who currently owns stock in four companies, has decided to expand her portfolio by purchasing stock in virtually every company that sells stock. In doing so, Lori will
a. increase the risk of her portfolio. b. decrease some, but not all, of the risk of her portfolio. c. decrease all of the risk of her portfolio. d. leave the risk of her portfolio unchanged from its present level.
Higher inflation and interest rates led to ___________
Fill in the blank(s) with the appropriate word(s).
Gary Becker and Kevin Murphy are among the economists who believe that social factors such as culture, customs, and religion do not explain the choices consumers make.
a. true b. false