Most economists believe that convergence of GDP per capita ________ between developed nations and ________ between developing and developed nations
A) has not occurred; has occurred B) has occurred; has occurred
C) has not occurred; has not occurred D) has occurred; has not occurred
D
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What does the area labeled C show?
a. increase in revenue due to change in quantity
b. decrease in revenue due to change in quantity
c. increase in revenue due to change in price
d. decrease in revenue due to change in price
Selfishness is:
A. exhibited more strongly in the ultimatum game than in the dictator game. B. exhibited more strongly in the dictator game than in the ultimatum game. C. exhibited equally strongly in both the ultimatum and dictator games. D. rarely exhibited in either the ultimatum or dictator games.
One common measure of the "standard of living" in a nation is ________.
A. real GDP B. population size C. the unemployment rate D. real GDP per capita
A person who refuses an offer of employment in order to keep looking for a better job is counted by the BLS as
A) a discouraged worker. B) a shirker. C) eligible for unemployment compensation. D) not in the labor force. E) unemployed.