Which of the following countries averaged GDP growth (after adjusting for inflation) of at least 5% per year both from 1990 to 2000 and from 2000 to 2008, and therefore, can be grouped into the fast-growth category?
a. Cambodia
b. Canada
c. Japan
d. Jamaica
a. Cambodia
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What will be an ideal response?
Draw a graph of the labor supply curve. Place an X at the point on the curve where the substitution effect and the income effect are exactly balanced.
What will be an ideal response?
If the production possibilities frontier shown is for two months of production, then which of the following combinations of peanuts and cashews could Brazil not produce in two months?
Which of the following is NOT true about a cartel?
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