One World View article is titled "Global Depression." The countries that experienced the Depression
A. Experienced higher employment levels than previously recorded.
B. Suffered substantial losses of output and employment.
C. Experienced high unemployment but an increase in output.
D. Experienced GDP growth but at a rate below the long-term trend.
Answer: B
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Refer to Figure 12-4. What is the amount of its total fixed cost?
A) $1,080 B) $1,440 C) $2,520 D) It cannot be determined.
Answer the following statements true (T) or false (F)
1) The vast majority of the labor forces of the low-income DVCs are engaged in agriculture. 2) Most of the DVCs of the world are located in Western Europe. 3) DVCs tend to have permanent shortages of farm labor. 4) Most nations of the world are now IACs, not middle- and low-income DVCs. 5) The most important growth obstacle common to all DVCs is the lack of desire to increase their standards of living.