From 1900 to 1960, Latin America's real GDP grew
A) slower than Europe, Asia, and the U.S.
B) as fast or faster than Europe, Asia, and the U.S.
C) faster than Europe and the U.S. but slower than Asia.
D) faster than Asia, but slower than Europe and the U.S.
B
Economics
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Scientists studying human behavior have found that people tend to:
A. Always make rational decisions B. Make systematic errors in their decisions C. Make only random errors in their decisions D. Always make decisions that are not rational
Economics
These are the cost and revenue curves associated with a firm.
If the firm in the given graph were to produce Q1 and charge P3, the area A would represent:
A. producer surplus. B. deadweight loss. C. consumer surplus. D. profits.
Economics