GDP per capita is one way to measure an economy's growth. China and India began to progress when they allowed private ownership, around ____. Since then, there has been steady, strong growth in these economies
a. 1960
b. 1970
c. 1980
d. 1990
e. 2000
d
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The question, "What is really more efficient?" could usefully be translated into the question:
A) "What is the best long-term solution?" B) "What will best promote social welfare?" C) "What will produce the most economic value?" D) "Who should have the right to decide?" E) "What will produce the most rapid rate of economic growth?"
(Requires Appendix material) Which of the following statements is correct?
A) TSS = ESS + SSR B) ESS = SSR + TSS C) ESS > TSS D) R2 = 1 - (ESS/TSS)
The first act to declare monopolies illegal in the United States was the
a. Sherman Antitrust Act. b. Clayton Act. c. Federal Trade Commission Act. d. Robinson-Patman Act.
Which line might represent an immediate-short-run aggregate supply curve?
Refer to the graph above.
A. 1
B. 2
C. 3
D. 4