During the past century the average growth rate of U.S. real GDP per person implies that it doubled, on average, about every
a. 100 years.
b. 70 years.
c. 35 years.
d. 25 years.
c
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Borrowing from another country that occurs when the country has a trade deficit and its citizens sell real and financial assets to foreigners is called a capital inflow
Indicate whether the statement is true or false
Wage rates are typically flexible upward but "sticky" downward
a. True b. False Indicate whether the statement is true or false
NGOs must be recognized by the United Nations in order to do humanitarian work in developing countries.
a. true b. false
Refer to the budget line shown in the diagram. If the consumer's money income is $20, the?
A. prices of C and D cannot be determined.
B. price of C is $2 and the price of D is $4.
C. consumer can obtain a combination of 5 units of both C and D.
D. price of C is $4 and the price of D is $2.