Children under the age of 15 represent about __________ percent of the population of developing countries
(a) 25
(b) 29
(c) 30
(d) 61
(e) 75
C
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A key reason why some nations show little or no growth is
A) overpopulation that overuses limited resources. B) too much private property not directed by the government. C) too much international trade so that all economic growth spills over to foreigners. D) patents in rich nations that keep technology only for the rich. E) lack of incentives to undertake actions toward growth.
If Dana can paint his house faster than Luke, a professional house painter, then:
A. Dana has a comparative advantage in house painting. B. Dana has an absolute advantage in house painting. C. Luke has a comparative advantage in house painting. D. Luke has an absolute advantage in house painting.
The price of an hour of leisure time for a successful lawyer is ________ the price of an hour of leisure for an unemployed high school drop-out.
A. greater than B. the same as C. less than D. impossible to compare to
A general formula for the multiplier is 1/(1-MPS)
Answer the following statement(s) true (T) or false (F)