Overall, rapid economic growth between 1981 and 2012 has ________ the global poverty rate from ________.
A. decreased; above 44 percent to 12.7 percent
B. increased; below 20 percent to above 44 percent
C. decreased; above 30 percent to below 15 percent
D. increased; below 12.7 percent to above 25 percent
Answer: A
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Which of the following are typically financed in a "stock market"?
i. shares sold by a firm to finance its international growth plans ii. new mortgages for home buyers iii. credit card balances A) i, ii and iii B) ii and iii C) ii only D) i and iii E) i only
To maximize total revenue
A) should produce where MR=MC. B) should produce where MR=P. C) a firm should produce where MR=0. D) should produce where P=ATC.
Underemployment occurs when: a. a firm hires fewer than the required number of workers, to save costs
b. a firm hires workers who do not possess the required skills that the job demands. c. a worker is over qualified and possesses more skills than what his job demands. d. a firm hires more than the required number of workers.
Economists often say that trade is a win-win situation. How do you justify this?