Which of the following countries has had the highest growth rate of per capita GDP over the past 25 years?
What will be an ideal response?
Korea
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The large budget deficits of the early 1990s resulted in large current account deficits
Indicate whether the statement is true or false
The mayor of Nizambora wants to set up street lights in every locality. The cost of setting up street lights in each locality is $900 . The estimated population of each locality is 100 . Despite not paying for the streetlights, the citizens where asked how much they were willing to pay for them. This was found to be $10 per person. Should the government provide street lights to every locality?
As of 2014, the poverty gap in the U.S. was roughly
A. $16 billion. B. $96 billion. C. $8.62 trillion. D. $862 billion.
In perfect competition, the marginal revenue curve
A) and the demand curve facing the firm are identical. B) is always above the demand curve facing the firm. C) is always below the demand curve facing the firm. D) intersects the demand curve when marginal revenue is minimized.