A reasonable estimate of the world's population that lives on less than $2 per day is

A. 80 percent.
B. 10 percent.
C. 40 percent.
D. 50 percent.


Answer: B

Economics

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The price elasticity of demand is typically expressed as a positive number because:

A. the demand curve has a positive slope. B. both the numerator and the denominator are negative, so the formula yields a positive number. C. price and quantity move in the same direction. D. it's convenient to use absolute values.

Economics

Distinguish between monetary policy instruments and goals

What will be an ideal response?

Economics

Define the aggregate production function. Discuss why the aggregate production function exhibits diminishing returns

What will be an ideal response?

Economics

Banks in the U.S

A) are prevented from holding assets that are "too risky." B) are not prevented from holding assets that are "too risky." C) are encouraged not to hold assets that are "too risky." D) are not encouraged not to hold assets that are "too risky." E) are encouraged to lend to a single private customer.

Economics