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Author Question: The income per capita of Country 1 in a certain year was 1,800 in its own currency while that of ... (Read 44 times)

erika

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The income per capita of Country 1 in a certain year was 1,800 in its own currency while that of Country 2 was 32,000 in its own currency.
  i) If 1 unit of Country 1's currency is worth 6.
 
  5 units of Country 2's currency, which country has a higher income per capita?
  ii) Which country is likely to have a higher Human Development Index and why?

Question 2

What happens if the price of a product is below the equilibrium price?
 
  A) There will be a surplus of the product.
  B) There will be an excess demand for the product.
  C) The buyers will stop purchasing a cheap product.
  D) The producer will lower the price to sell more product.


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Fayaz00962

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erika

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Reply 2 on: Jun 30, 2018
Excellent


strudel15

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Reply 3 on: Yesterday
Wow, this really help

 

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