Most economies today are quizlet
[DOC File]Multiple choice questions
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Most LDCs have less than 1/10 the per capita GNP of the U.S. b. A greater share of GNP would have to be devoted to education to attain the same primary . enrollment rates as in the U.S. c. Setting up western labor standard and minimum wages in labor-abundant LDCs . is sensible. d. Most LDCs have a greater shortage of qualified teachers than the ...
[DOC File]Comparison of Economic Systems
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Standard of Living – What is life like in the economic system? Are there differences in education, health care, material possession, crime, etc Very high for some. Very low for more. Pretty good for most. Characterized by wide disparity: very rich and very poor. Low for most. Lack of incentive to produce good products. Good for most. Balanced.
[DOC File]Chapter ending questions:
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Sachs (2000) contends: “Today’s world is divided not by ideology but by technology,” the digital divide between rich and poor. Fifteen percent of the world’s population, most of the OECD countries (including South Korea) plus Taiwan, are technological innovators, identified as those countries with 10 or more patents per million population.
[DOC File]AP World History Study Guide and Graphic Organizers – Unit 1
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Most importantly, you need knowledge of the historical significance of major physical features, especially the world’s oceans. The Arctic Ocean: where: extreme northern hemisphere. significance: topped with ice for most of the year, location of mythic “Northwest Passage” (passage does exist, but covered by ice most of the year) Indian Ocean:
[DOC File]Chapter 05 The United States in the Global Economy
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19. As a percentage of GDP (total output), U.S. exports are: A. about 20 percent. B. lower than in some other industrial countries, including Germany and Canada. C. less today than they were in the 1970s. D. the highest in the world. 20. The average U.S. tariff rate on imported goods is about: A. 5 percent. B. 12 percent. C. 25 percent.
[DOC File]Microeconomics, 7e (Pindyck/Rubinfeld)
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D) there are both economies and diseconomies of scope. Answer: C. Diff: 3. Section: 7.5. 90) Bubba Burgers has discovered there are economies of scope available to the restaurant. Which is most likely to be a response to this discovery? A) Bubba adds more varied inputs to burger production. B) Bubba expands burger production, focusing on that ...
[DOC File]CHAPTER 11: TEST BANK
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12. Rapidly growing economies tend to affect housing markets in which of the following ways? Supply decreases, and the price of housing plummets. Demand increases, and the average price of a house rises. Homelessness increases. The average price of a house goes down. 13. The two groups that benefit most from public housing are:
[DOC File]TRUE/FALSE - Valencia
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In socialist economies, the government owns some, if not most, basic businesses such as coal mines and utilities. Answer: True LG: 3/LL: 1 Page: 47 . 2-17. The major benefit of socialism is that it creates strong incentives to work hard and take the risks associated with starting and operating a business.
[DOC File]CHAPTER 2
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In the command system, there is extensive public ownership of resources and the use of central planning for most economic decision making in the economy. One major purpose of Chapter 2 is to describe the major characteristics of the market system and explain how it works because it is the one found in most economies.
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