One of the key factors in raising people in low-income countries out of the worst kind of poverty is whether they can
a. receive unemployment compensation.
b. attend college or vocational school.
c. make a connection to a somewhat regular wage-paying job.
d. be protected by labor laws and unions.
c. make a connection to a somewhat regular wage-paying job.
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Coca Cola and Pepsi, which together account for about 85 percent of the soft drink market, are best described as being in
A) a monopoly market. B) an oligopolistic market. C) a perfectly competitive market. D) a monopolistically competitive market.
How do high rates of inflation lead to an increased frequency of cash withdrawals from an ATM or a bank?
If the price of inputs rises and consumer expectations about future economic activity worsens:
a. The change in price index is uncertain, and real GDP falls. b. The change in price index is uncertain, and real GDP rises. c. Price index rises, and the change in real GDP is uncertain. d. Price index falls, and real GDP rises. e. Price index falls, and real GDP falls.
Figure 6.2 illustrates a change in the price of soup. From the graph, we can conclude that:
A. the price of soup has increased and soup is a Giffen good.
B. the price of soup has fallen and soup is a Giffen good.
C. the price of soup has fallen and soup is a normal good.
D. the price of soup has fallen and bread is a Giffen good.