Identify the main reason to expect convergence in the long run
a. Low-productivity countries learning from high-productivity countries
b. Rapid growth in the supply of capital in low-productivity countries
c. Educational attainment rising quickly in low-productivity countries
d. Economic complacency and mismanagement in high-productivity countries
a
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If the expected rate of return on investment decreases, then most likely the
A. consumption schedule will shift downward. B. consumption schedule will shift upward. C. investment schedule will shift downward. D. investment schedule will shift upward.
In the figure above, the curve labeled "W" can be a
A) monopoly's demand curve. B) monopoly's marginal revenue curve. C) perfectly competitive firm's demand curve. D) perfectly competitive firm's marginal revenue curve.
A demand schedule provides
A) the quantities of a good people are willing to sell every year. B) the amount of a good a person wants to sell during a given time period. C) the alternative quantities demanded for a given time period at different possible prices. D) the amount of a good a person wants at different times of the day.
Which of the following statements about bid-ask rates is correct?
a. The bid rate and the ask rate are the rates the bank offers you in exchange for another currency. b. The bid rate and the ask rate are the rates the bank asks you for in exchange for another currency. c. The bid rate is the rate the bank offers you and the ask rate is the rate the bank asks you for in exchange for another currency. d. The bid rate is the rate the bank asks you for and the ask rate is the rate the bank offers you in exchange for another currency.