Which region has the highest proportion of its children working?
What will be an ideal response?
Sub-Saharan Africa
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Explain what is meant by "investment in children," describing the goals and methods of the parents
What will be an ideal response?
Assume all banks in the system started have a 10 percent required reserve ratio and the Fed made a $20,000 open market purchase. The result would be a(n):
a. $200,000 expansion of the money supply. b. $20,000 expansion of the money supply. c. $20,000 contraction of the money supply. d. infinite contraction of the money supply.
If Q = 800, P = 20, and V = 4, then M
A. is 2,000. B. is 4,000. C. is 8,000. D. is 16,000.
Consider a bond that costs $1000 today and promises a one-time future payment of $1,080 in four years. What is the approximate interest rate on this bond?
A. 8% B. 2% C. 10.8% D. 4%