Internal cycles are generated by the interaction of changes in investment and changes in national income
Indicate whether the statement is true or false
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Alpha is a developed economy with a growth rate of 2%. Omega is a developing economy with a growth rate of 8%. Assuming these growth rates remain constant, we would predict ________.
A. Alpha will always have a higher per capita real GDP than Omega, but the gap between them will shrink B. Omega's per capita real GDP will eventually catch up to Alpha's C. Alpha will always have a higher per capita real GDP than Omega D. Alpha will always have a higher per capita real GDP than Omega and the gap will continue to widen
A widget costs $50 in the US and CAD$53 in Canada. The current exchange rate is 1USD=1.09CAD. At this rate,
a. The good costs more in the US b. The good costs more in Canada c. The good costs the same across the two countries d. None of the above
In 2004 , the pizza market in Charleston, Illinois, was perfectly competitive. But almost overnight, one firm bought up all its competitors to become the monopoly in the Charleston pizza market. As a result,
a. less pizza was produced and price increased b. more pizza was produced and price increased c. less pizza was produced and price decreased d. more pizza was produced and price decreased e. quantity and price remained the same but profit increased
The International Water Management Institute estimates that clean water could be provided to everyone on earth for an outlay of $______ a year beyond current spending on water projects.
Fill in the blank(s) with the appropriate word(s).