One of the main causes of economic inequality in Latin America is the
A) failure of governments to support urban consumers.
B) lack of progress in raising agricultural productivity.
C) lack of governmental interest in solving the problem of inequality.
D) focus of governments on agricultural exports to the detriment of food production.
E) oil crisis of the 1970s.
B
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Restaurants cluster together. That is, on one corner, there may be four similar fast-food restaurants. How can this be explained using a location game theory model?
What will be an ideal response?
Refer to Scenario 13.1. At your negotiated price the producer surplus is:
A) $0. B) $50. C) $200. D) $250. E) $300.
Suppose that a minimum wage is set that is higher than wages for retail workers. This is ________ news for shoppers and ________ retail workers.
A. bad; good news for some, but not all B. bad; good news for all C. good; good news for some but not all D. good; good news for all
If the Federal Reserve raises the discount rate, banks will be inclined to borrow additional reserves and the money supply will increase.
Answer the following statement true (T) or false (F)