A majority of the population of the Global South live in ________ and work ________.
A. rural areas; in urban areas
B. urban areas; in factories
C. rural areas; in agriculture
D. urban areas; for the government
Answer: C
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The firm in the above figure has excess capacity of ________ meals per day
A) 0 B) between 1 and 10 C) between 11 and 20 D) more than 21 and 30 E) more than 31
The productivity speed-up in the United States began in the
a. mid 1970s. b. mid 1980s. c. mid 1990s. d. beginning of 2001.
The fictional country of Alpetra increases the income tax rate so that tax revenues increase by $70 million. Government spending also increases by $70 million and consumption falls by $10 million. If GDP remains the same and Alpetra is a closed economy, then investment
a. increases by $140 million. b. increases by $70 million. c. decreases by $60 million. d. decreases by $80 million.
The price of a new car is $40,000 while the price of a five-year old car of the same brand is $16,000. The next year the price of the new car increases to $44,000 and the price of a five-year old car of the same brand is $17,600. The relative price of the used car
A. increased by 10 percent. B. remained constant at 0.4. C. decreased by $2,400. D. decreased by 10 percent.