Some economists claim that the Chilean experience during the 1990s was much more successful than its Latin American neighbors. Evaluate the Chilean policies during that decade
What will be an ideal response?
Students should refer to the democratic nature of the regime, and the fact that the policies specifically targeted corruption.
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The Compagnie Naturelle sells mounted butterflies, using butterfly bait it buys from another firm for $20,000. It pays its workers $35,000, pays $1000 in taxes, and has profits of $3000. What is its value added?
A) $3000 B) $19,000 C) $39,000 D) $59,000
A nation's real GDP per capita is the ratio of real GDP to population
a. True b. False Indicate whether the statement is true or false
Refer to the graph shown of a monopolistically competitive firm. The graph shows that:
A. new firms will enter the industry. B. some existing firms will leave the industry. C. the price of the product is $90. D. the industry is in long-run equilibrium.
How does taking factors of investment, government spending, and net exports into account change the level of aggregate expenditure?
a. It increases the level of aggregate expenditure. b. It decreases the level of aggregate expenditure. c. It has no effect on the level of aggregate expenditure. d. It depends on the level of consumption.