The term "Global South" refers to
A. the Southern states of the United States.
B. countries in the Southern Hemisphere.
C. industrialized countries south of the equator.
D. developing countries in Asia, Africa, and Latin America.
Answer: D
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When increases in the demand for food—shown as rightward shifts in the demand curve— are relatively small when compared to the increases in food supply—shown as rightward shifts in the supply curve—equilibrium price
a. rises and equilibrium quantity falls b. falls and equilibrium quantity falls c. rises and equilibrium quantity rises d. falls and equilibrium quantity rises e. and equilibrium quantity stay the same
The government currently has a time limit on welfare. Although families may be eligible for welfare on more than one occasion, eligibility per family runs out after
a. six months of benefits b. two years of benefits c. five years of benefits d. ten years of benefits e. never
In the long run import quotas do not affect the size of net exports
a. True b. False Indicate whether the statement is true or false