Which of the following statements about the Third World is true?
a. Except for Latin America, most Third World citizens live in urban areas.
b. The culture, politics, and geography of the Third World countries are very similar.
c. Third World economies are largely dependent on manufacturing industries.
d. The Third World is made up of non-communist developing countries.
e. About 80 percent of the population of the Third World countries live in China and India.
d
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Bill and Krista sell potted plants from a roadside stand. The figure above shows Bill and Krista's marginal cost curve and the market price. If Bill and Krista sell 60 plants per week, their producer surplus from the 60th plant will equal
A) $8. B) $480. C) $0. D) $20. E) More information is needed to answer the question.
Which of the following is not true about the composition of GDP in 2016?
A) The majority of consumer spending is on durable goods. B) Purchases made by state and local governments are greater than purchases made by the federal government. C) Imports are greater than exports. D) Business fixed investment is the largest component of investment.