In 2014, the average inflation rate in the OECD countries was
A) 1.7%.
B) 2.3%.
C) 5.2%.
D) 3.8%.
E) 10.5%.
A
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Best Grapes is a new winery that wants to attract new customers. The managers of Best Grapes advertise the following, "Best Grapes: The Best Value Wine Money Can Buy." If Best Grapes wine is really of poor value, this is an example of ________ a(n) ________ good.
A) greenwashing; credence B) falsely advertising; credence C) falsely advertising; experience D) greenwashing; experience
Data on trade barriers, income levels, and the growth of per capita GDP indicate that
a. there is no link between trade restrictions and either the per capita income levels or growth rates of economies. b. countries that impose high trade restrictions have both high income levels and rapid rates of economic growth. c. countries that impose high trade restrictions have low income levels, but they have been growing rapidly in recent decades. d. countries that have lower trade restrictions have both higher income levels and more rapid rates of economic growth than those with high trade barriers.
Foreign aid:
A. provided by developed countries to developing countries represents about 10 percent of the GDP of developed countries. B. is an important source of funding for investment in most developing countries. C. does not contribute much to domestic investment in most developing countries. D. is largely wasted in most developing countries because it comes with no strings attached.
If external benefits are taken into account in the market
A) the demand curve would shift to the left. B) the supply curve would shift to the left. C) the demand curve would shift to the right. D) the supply curve would become vertical.