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Author Question: Which of the following nations had the lowest growth rate between 1960 and 2011? A) Taiwan B) ... (Read 83 times)

krzymel

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on: Jun 29, 2018
Which of the following nations had the lowest growth rate between 1960 and 2011?
 
  A) Taiwan
  B) Chile
  C) Ethiopia
  D) South Korea

Question 2

Consider the following simplified sequence of exchanges. A farmer sells wheat to a miller, for 25 cents. The miller grinds the wheat into flour, and sells that to a baker, for 35 cents.
 
  The baker turns the flour into a loaf of bread, which she sells to a grocer for 60 cents. The grocer then sells you the loaf of bread for 85 cents. What can we conclude? A) Your purchase of the bread avoided the use of a middleman.
  B) The grocer's profit means you lost on the deal.
  C) GDP increases by 25 cents.
  D) GDP increases by 85 cents.
  E) GDP increases by 2.05.


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jaymee143

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


krzymel

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

cam1229

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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