According to your text, which of the following countries has experienced the highest annual per capita Gross Domestic Product (GDP) growth rate since 1970?
A) China
B) Japan
C) Germany
D) United States
A
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If one euro nation is experiencing rapid growth and inflation while another is facing sluggish growth and recession:
A. the two countries will disagree about the monetary policy that ought to be employed by the European Central Bank. B. only an appreciation of the euro can help both countries simultaneously. C. the European Central Bank ought to employ a tight monetary policy. D. the European Central Bank ought to employ an easy monetary policy.
If the price of iPods decreases,
A) there will be a movement up along the supply curve for iPods. B) there will be a rightward shift in the iPod supply curve. C) the supply curve for iPods shifts leftward. D) there has been a decrease in the price of iTunes songs. E) there will be a movement down along the supply curve for iPods.
A certain state legislature is considering an increase in the state gasoline tax. Representative Campbell argues that an increase in the gasoline tax would harm low-income drivers disproportionately. Representative Richards responds by saying that low-income drivers own smaller cars that use less gasoline, and that low-income drivers therefore would not be harmed disproportionately
a. Representative Campbell's argument is based primarily on efficiency, while Representative Richards' argument is based primarily on equality. b. Representative Campbell's argument is based primarily on equality, while Representative Richards' argument is based primarily on efficiency. c. Both representatives' arguments are based primarily on efficiency. d. Both representatives' arguments are based primarily on equality.
The graph below shows the Chamberlin model. If additional firms enter the market we would expect 
A. the dd curve to become steeper. B. the MC and ATC curves to shift downward. C. each individual firm to be worse off. D. the DD curve to shift right.