Income per worker has been
A) converging in both the rich countries and the poor countries.
B) converging in the rich countries, but not converging in the poor countries.
C) converging in the poor countries, but not converging in the rich countries.
D) converging in neither the poor nor the rich countries.
B
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Which of the following directs open market operations?
a. Board of Governors. b. Federal Reserve Banks. c. Federal Open Market Committee d. Federal Advisory Council. e. Member banks.
The price elasticity of demand coefficient for gourmet coffee is estimated to be equal to 1.6 . It is expected, therefore, that a 10% increase in price would lead to:
a. a 16% decrease in the quantity of gourmet coffee demanded. b. a 16% increase in the quantity of gourmet coffee demanded. c. an 8% decrease in the quantity of gourmet coffee demanded. d. an 8% increase in the quantity of gourmet coffee demanded.