The PPP index:
A. describes the overall differences in poverty levels between countries.
B. describes the overall inequality present in one country compared to another.
C. describes the overall difference in prices between countries.
D. None of these is true.
Answer: C
You might also like to view...
The basic formula for the price elasticity of demand is
A. absolute decline in price/absolute increase in quantity demanded. B. percentage change in price/percentage change in quantity demanded. C. absolute decline in quantity demanded/absolute increase in price. D. percentage change in quantity demanded/percentage change in price.
If producing a good or a service creates pollution, then
A) an unregulated competitive market produces an efficient output. B) the industry's supply curve includes the extra cost of pollution. C) at the unregulated, competitive market equilibrium quantity, marginal social cost is greater than the equilibrium price. D) at the unregulated, competitive market equilibrium quantity, marginal social benefit and marginal social cost are equal. E) at the unregulated, competitive market equilibrium quantity, marginal social benefit is less than the equilibrium price.
What criteria should be used in deciding the best definition of the money supply?
What will be an ideal response?
The reduction in world poverty from 1990 to 2014 was due almost entirely to the decrease in poverty in
A. Mali. B. China. C. Canada. D. Ethiopia.