In reviewing discussions of life in developing countries, what is it about lifestyles in the low-income countries compared with lifestyles in the high-income countries that most strikes you? Why?
What will be an ideal response?
This is an open-ended question to stimulate reflection.
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Which of the following is included in M2 but NOT in M1?
A) NOW accounts B) demand deposits C) currency D) money market mutual fund shares (retail)
Assuming MPC = 0.5, a $500 increase in intended investment will shift the aggregate expenditure curve up by
a. $500 and will increase the equilibrium level of national income by $500 b. $500 and will increase the equilibrium level of national income by less than $500 c. $500 and will increase the equilibrium level of national income by more than $500 d. more than $500 and will increase the equilibrium level of national income by more than $500 e. less than $500 and will increase the equilibrium level of national income by less than $500
Gross fiscal expenditure in a country increased by $100,000 during a certain year. If the marginal propensity to save is 0.5, then real GDP in this country has increased by: a. $125,000. b. $50,000
c. $200,000. d. $100,000.
Over the past two decades anti-trust policy has become:
A. non-existent. B. more permissive. C. differentiated. D. more restrictive.