Using GDP per capita on a PPP basis, which of the following countries would fall into the between $12,000 to $19,999?
A) Mexico
B) South Korea
C) Nepal
D) Italy
Answer: A) Mexico
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Explain why even owners of capital that cannot be moved can avoid more of the economic stability loss due to fixed exchange rates when Norway's economy is open to capital flows
What will be an ideal response?
"Mid-size" firms may issue publicly-traded __________ and they usually turn to commercial banks for __________-term debt financing
A) bonds; long B) bonds; short C) equity; long D) equity; short
The production possibilities curve encompasses all of the following concepts except
a. the law of increasing costs b. unlimited wants c. scarcity d. opportunity cost e. availability of resources
The short-run market supply curve in a price-taker industry equals the horizontal sum of the individual firm's
a. MC curves above AVC. b. AVC curves above marginal revenue. c. MC curves above ATC. d. MC curves between AVC and ATC.