Approximately how much of the world's output does China produce?
A. approximately 0 percent.
B. approximately 11 percent.
C. approximately 9 percent.
D. approximately 1.5 percent.
Answer: B
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Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies. 
A. D; C B. B; C C. B; A D. D; B
According to the income effect, an increase in the price of oranges will: a. cause consumers to consume more apples because of greater savings on that good
b. cause consumers to spend more on oranges because a higher price signals that oranges are better than apples. c. cause consumers to replace some oranges with other fruit that is now relatively cheaper than oranges. d. leave consumers with less real income to spend on all goods.
Explain the difference between informational advertising and persuasive advertising. Give an example of a product that would be the subject of each type of advertising and explain why that type of advertising fits the product
What will be an ideal response?
The Congressional Budget Office estimates that the payments to settle malpractice lawsuits and the premiums doctors pay for malpractice insurance account for ________ of health care costs in the United States
A) between 20 and 30 percent B) roughly half C) less than 1 percent D) a vast majority