During the past several decades, foreign aid to sub-Saharan Africa
a. has been smaller than the aid to other regions, but the reduction in the extreme poverty rate has been larger in Africa than in other areas of the world.
b. has been larger than the aid to other regions, but the reduction in the extreme poverty rate has been smaller in Africa than in other areas of the world.
c. has declined and as a result the poverty rate in sub-Saharan Africa has risen sharply.
d. has risen and, as a result, the poverty rate in sub-Saharan Africa has declined substantially.
B
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How many Federal Reserve districts are there?
A) 1 B) 2 C) 12 D) 50
If a 10 percent increase in the income of the consumers of Good X leads to a 7 percent decrease in the quantity demanded of Good X, we can conclude that: a. Good X is a normal good
b. Good X is a luxury good. c. Good X is an inferior good. d. Good X is a necessity good.
The best time for a business to purchase new equipment is when
A. interest rates are low. B. consumer demand decreases. C. job growth declines. D. the gross domestic product falls.
If at the prevailing interest rate the quantity of money demanded is $2 trillion, and the supply of money is $1.5 trillion, then which of the following is true?
A. There is a shortage of money, and consequently interest rates must fall in order to achieve an equilibrium in the money market. B. There is a surplus of money, and consequently interest rates must fall in order to achieve an equilibrium in the money market. C. There is shortage of money, and consequently interest rates must rise in order to achieve an equilibrium in the money market. D. There is a surplus of money, and consequently interest rates must rise in order to achieve an equilibrium in the money market.