Since 1959 when the official data on the poverty rate began, the poverty rate was at its highest in
a. 1959.
b. 1968.
c. 1977.
d. 1986.
a
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At the time of the South Korean financial crisis, the government allowed many chaebol owned finance companies to convert to merchant banks. Finance companies ________ allowed to borrow abroad and merchant banks ________
A) were not; could borrow abroad B) were not; could not borrow abroad C) were; could borrow abroad D) were; could not borrow abroad
For the fall semester, you had to pay a nonrefundable fee of $600 for your meal plan, which gives you up to 150 meals. If you eat 100 meals, your marginal cost of the 100th meal is:
A. $0.25. B. $0. C. $6. D. $4.
Political instability is an obstacle to development in:
A. both market and socialist economies. B. neither market nor socialist economies. C. market economies. D. socialist economies.
All the following are assumptions of the classical model EXCEPT
A. wages and prices are flexible. B. buyers and sellers react to nominal money prices rather than to relative prices. C. people are motivated by self-interest. D. pure competition exists.