« previous next »

Author Question: The GDP of Country X and Country Y were found to be equal in a particular year. However, the income ... (Read 97 times)

rmenurse

  • Hero Member
  • *****
  • Posts: 513
on: Jun 30, 2018
The GDP of Country X and Country Y were found to be equal in a particular year. However, the income per capita of Country X was higher than the income per capita of Country Y. This implies that ________.
 
  A) the population of Country X is higher than the population of Country Y
  B) the number of workers in country X is higher than the number of workers in Country Y
  C) the population of Country X is lower than the population of Country Y
  D) the number of workers in country X is lower than the number of workers in Country Y

Question 2

Angelina, age seven, decides to dress up like Princess Fiona for Halloween. What is the opportunity cost of her decision?
 
  A) the cost of the costume
  B) zero, because seven-year-olds don't have opportunity costs
  C) the fact that she can't dress up like Dora the Explorer, her second choice
  D) the cost of the Lady Gaga costume which she did not want
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


akemokai

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

rmenurse

  • Hero Member
  • *****
  • Posts: 513
Reply #2 on: Jun 30, 2018
Thank you


akemokai

  • Sr. Member
  • ****
  • Posts: 347
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Why Different Constellations Are Visible at Different Times of the Year Why Different Constellations Are Visible at Different Times of the Year
The world attempted to deal with Somalia as if it were a real country but painfully learned that Som The world attempted to deal with Somalia as if it were a real country but painfully learned that Som
Energy Use by Different Country Groups Energy Use by Different Country Groups
Income Inequality in the United States: 1947–2009 Income Inequality in the United States: 1947–2009
A promissory note has a face value of $6000 and it has a date of issue of June 1 this year. The ... A promissory note has a face value of $6000 and it has a date of issue of June 1 this year. The ...
The Serial Numbers for Each Day of the Year The Serial Numbers for Each Day of the Year
Video: Definitions of stroke volume, preload definition & Factors influencing stroke volume

For a complete list of videos, visit our video library