The redistribution of private income and wealth within poor nations is sufficient to eliminate global poverty.
Answer the following statement true (T) or false (F)
False
Countries like Tanzania, Nigeria, Haiti, Zambia, and Madagascar also have such low average incomes that outright redistribution doesn't hold great hope for income gains by the poor. Tanzania's poorest households would be better off, but the gains wouldn't be spectacular: the average income in Tanzania is less than $1,200 a year.
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The two leading countries of origin of U.S. legal immigrants in 2011 were Mexico and:
A. China B. India C. The Dominican Republic D. The Philippines
Assume that the real rate of interest is 5 percent and a lender charges a nominal interest rate of 15 percent. If a borrower expects that the rate of inflation next year will be 10 percent and the actual rate of inflation next year is 10 percent,
a. the lender benefits from inflation, while the borrower loses from inflation. b. the borrower benefits from inflation, while the lender loses from inflation. c. neither the borrower nor the lender benefits from inflation. d. both the borrower and the lender lose from inflation.
Which of the following is most likely correct about economists?
a. Economists do not determine the answer to the problem first and then draw the graph to illustrate. b. Economists do not use the graph of the theory to determine the answer. c. Economists determine the answer to the problem first and then draw the graph to illustrate. d. Economists identify multiple potential answers and then graph each one to determine the correct answer.
If the current €/$ exchange rate is at parity, then the Euro price of a Hollister hoody costing US$125 is:
(a) €155; (b) €165; (c) €125; (d) We need more information to calculate the Euro price.