Author Question: GDP per capita is one way to measure an economy's growth. China and India began to progress when ... (Read 70 times)

NguyenJ · **on:** Jun 30, 2018

GDP per capita is one way to measure an economy's growth. China and India began to progress when they allowed private ownership, around ____. Since then, there has been steady, strong growth in these economies.
a. 1960
b. 1970
c. 1980
d. 1990
e. 2000

Question 2

Lance's boss offers him twice his usual wage rate to work tonight instead of taking his girlfriend on a romantic date. This offer will likely:
a. not affect the opportunity cost of going on the date.
b. reduce the opportunity cost of going on the date because giving up the additional work dollars will make his girlfriend feel even more appreciated.
c. increase the opportunity cost of going on the date.
d. reduce the opportunity cost of working.