Low-income countries have a GNI per capita of $1,045 or less. The general characteristics shared by countries at this income level include all of the following except:
A) high literacy rates.
B) high birth rates.
C) heavy reliance on foreign aid.
D) political unrest.
E) high agricultural population.
A
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When a company exchanges machinery and receives a trade-in allowance less than the book value, this transactionwould be recorded with which of the following entry?
a. debit Cash and Machinery; credit Accumulated Depreciation and Machinery b. debit Machinery, Accumulated Depreciation, and Loss on Exchange of Machinery; credit Machinery andCash c. debit Cash and Machinery; credit Accumulated Depreciation d. debit Machinery and Accumulated Depreciation; credit Machinery and Cash
According to the Fisher hypothesis, an increase in the expected inflation rate should lead to ____ in the nominal interest rate and ____ in the expected real interest rate.
A. an increase; a decrease B. an increase; no change C. an increase; an increase D. a decrease; a decrease
Willis and Leslie orally agree to the sale of a parcel of land for $50,000: one-half payable now as a down payment; one-half payable in 30 days at the time of closing when the title will be transferred. The buyer, Willis, is to have possession immediately. Willis pays Leslie $25,000, takes possession of the land, and starts building a house. At the time of closing, Willis has made a substantial
beginning on the house. However, Leslie refuses to transfer the title, claiming the oral contract is not enforceable. This contract is a. enforceable, because the statute of frauds does not apply to this interest in land. b. unenforceable, because there is no writing signed by Leslie. c. enforceable, because Willis has partially performed the oral contract and made improvements on the land. d. unenforceable, because the parol evidence rule applies.
Billy Longstreet bought a new car and was a bit uncertain about whether or not he had done the right thing. Two days after he purchased it, he decided to take it back to the dealer for installation of some additional optional equipment. When Billy returned to the dealership to pick up the car after the installation, the salesman who sold Billy the car said, "You know, in the last two hours three different customers told me how much they liked the looks of your new car. One of them even wanted to know if it was for sale!" This attempt by the salesman to confirm the wisdom of Billy's purchase decision seems to be aimed at reducing
A. post-purchase regret. B. dissonance. C. adoption jitters. D. reference group influence. E. a stimulus-response reaction.