In 2012, the number of people living in the world on less than $1.90 a day was:
A. just over a quarter of the world's population.
B. roughly 13% of the world's population.
C. just under 10 percent of the world's population.
D. just over a fifth of the world's population.
Answer: D
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Someone who sells commodity futures is
A) hedging. B) purchasing risk. C) selling risk. D) simultaneously purchasing and selling risk. E) not necessarily doing any of the above.
An economic variable that doesn't move in a consistent pattern with aggregate economic activity is called
A) procyclical. B) countercyclical. C) acyclical. D) a leading variable.
True, false, or uncertain? Any firm that is not covering fixed costs should shut down in the short run
Indicate whether the statement is true or false
The first discovery of the water-soluble material used in contact lenses is an example of:
A. innovation. B. invention. C. creative destruction. D. diffusion.