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Author Question: The world's economies can be divided into four main categories according to their annual per-capita ... (Read 61 times)

wrbasek0

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on: Jun 30, 2018
The world's economies can be divided into four main categories according to their annual per-capita income levels. Which one of the following is NOT one of the categories?
 
  A) low-income
  B) upper middle-income
  C) high-income
  D) lower middle-income
  E) middle-income

Question 2

Refer to the production possibility graph above. Assume that the economy is in equilibrium at point e. If the price of good B increases, the new equilibrium is most likely to be
 
  A) point f.
  B) point d.
  C) point e.
  D) point h.
  E) point b.


Liamb2179

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Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

A


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