During the 1990s, food production increased faster than population in all regions of the developing world except

(a) Latin America.
(b) East Asia.
(c) Sub-Saharan Africa.
(d) none of the above.

C

Economics

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The HO model assumes that ________ are identical between countries

A) tastes B) technology sets C) factor endowments D) Both A and B

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A widget costs $50 in the US and CAD$53 in Canada. The current exchange rate is 1USD=1.09CAD. Given purchasing power parity, the Canadian dollar would_______to equilibrate prices

a. Appreciate b. Depreciate c. Not change d. None of the above

Economics