Over the period 1960-1990,
a. South Korea had a higher growth rate than the United States because it had a higher ratio of investment to GDP.
b. the United States had a higher growth rate than South Korea because it had a higher ratio of investment to GDP.
c. South Korea had a higher growth rate than the United States even though it had a similar ratio of investment to GDP.
d. the United States had a higher growth rate than South Korea even though it had a similar ratio of investment to real GDP.
c
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As the Federal Reserve ________ bonds, interest rates fall and the price of bonds ________
A) sells; rises B) buys; rises C) sells; falls D) buys; falls
Refer to the figure above. If the monopolist faces a constant marginal cost of $10, what is the optimal quantity that it should produce?
A) 20 units B) 30 units C) 40 units D) 80 units