India is on the World Bank's list of ________ countries yet its capital city is one of the top ten centers of commerce in the world.
A. high-income
B. low-income
C. upper middle-income
D. lower middle-income
Answer: B
You might also like to view...
How does the federal government influence the flow of goods and services into the country and, consequently, create extra profitability or rents in domestic production that would not have been there under free market conditions?
(a) tariffs (b) minimum wage laws (c) control of the public domain (d) federal income taxes
The United States and Brazil are competitors in the world soybean market. In the late 1960s and early 1970s, the Brazilian government developed regulations designed to encourage Brazilian soybean production and exports
An unanticipated effect of the Brazilian regulations was to stimulate U.S. soybean production and exports. The type of economic analysis that would explain and predict these effects is called A) closed economy macroeconomics. B) international economics. C) partial equilibrium analysis. D) full market analysis. E) general equilibrium analysis.
Refer to Scenario 13.1. If your negotiated price had been $350 instead of $250, the sum of consumer surplus and producer surplus would be:
A) less than what would have accrued at the $250 price. B) the same as what would have accrued at the $250 price. C) more than what would have accrued at the $250 price. D) None of the above is necessarily correct.
Assume that initially your nominal wage was $16 an hour and the price index was 100. If the price level increases to 105, then your:
A. Real wage has increased to $21 B. Real wage has decreased to $15.24 C. Nominal wage has increased to $21 D. Nominal wage has decreased to $15.24