If the income per capita of United Kingdom is £23,800 and dollar/pound exchange rate (US$/£) is 1.68 in 2014, the income per capita of UK in US dollars in the same year is ________
A) $30,400 B) $22,829 C) $12,812 D) $39,984
D
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In Figure 3-2, a point such as A
A. is preferable over B. B. is an efficient use of resources. C. represents a misallocation of resources. D. is not obtainable.
According to the saving and investment equation, if net foreign investment falls by $35 million
A) national saving in excess of domestic investment will rise by $35 million. B) national savings will rise by $35 million. C) domestic investment will fall by $35 million. D) national saving in excess of domestic investment will decrease by $35 million.
In general, the larger the membership of a union the:
A. more power it has to keep wages above equilibrium. B. less power it has to keep wages above equilibrium. C. more likely the distribution of power within the organization will make it less effective. D. greater the chance that it abuses its power.
Higher income countries tend to collect _____________ as a percentage of their GDP than do low-income countries.
A. greater tax revenues B. smaller tax revenues C. about the same in tax revenues D. There is really no correlation between a country's wealth and the tax revenues it generates.