About ____ of the world's population subsists on no more than $2 a day.
A. one tenth.
B. one quarter.
C. one third.
D. one half.
D. one half.
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Which of the following is a capital resource?
A. a piece of software used by a firm B. a corporate bond issued by a computer manufacturer C. a computer programmer D. silicon (sand) used to make computer chips
A Chinese worker started working in the U.S. and earned an income of $10,000 during a certain year. This will lead to a(n) ________ in the same year
A) increase in the GDP of U.S B) increase in the GNP of U.S. C) decrease in the GDP of China D) increase in the GDP of China
We study the simple model of competitive markets because it helps to:
A. show how poorly the economy actually functions. B. provide useful insights to markets that are not perfectly competitive. C. indicate whether buyers or sellers matter more. D. show how the government controls the economy.
Unintended consequences are the ______ effects of an action.
a. purposeful b. unimportant c. primary d. secondary