Which of the following is true?
A) Even when they are economically free, high-income countries have been unable to achieve high growth rates.
B) Even when low-income countries adopt institutions and policies supportive of economic freedom, they are unable to achieve high growth rates.
C) When low-income countries adopt institutions and policies supportive of economic freedom, they are able to achieve high growth rates.
D) Even when they are economically free, low-income countries have been unable to achieve high growth rates.
C) When low-income countries adopt institutions and policies supportive of economic freedom, they are able to achieve high growth rates.
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A Lorenz curve measures the ________ on the vertical axis
A) cumulative percentage of money income B) cumulative percentage of family wealth C) cumulative percentage of families D) demand of families on welfare
When the supply and demand of currencies in the foreign exchange market determines their relative values, this is known as
A) flexible exchange rates. B) depreciation. C) fixed exchange rates. D) appreciation.
The dollar value of stocks and bonds traded in a given year:
a. is included in the calculation of GDP b. have no influence on GDP. c. is included in the calculation of private investment. d. is not included in GDP, but the broker commissions involved are included in GDP.
The current Federal Reserve Chairman is ________?
a. Alan Greenspan b. Bill Clinton c. Warren Buffet d. Ben Bernanke