Which of the following is most characteristic of developing nations?
A. A small percentage of the labor force in agriculture
B. A relatively equitable distribution of income
C. Low levels of labor productivity
D. Low rates of population growth
C. Low levels of labor productivity
Economics
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The government has both encouraged and discouraged the creation of monopolies
Indicate whether the statement is true or false
Economics
If the nominal exchange rate between the American dollar and the Canadian dollar is 0.89 Canadian dollars per American dollar, how many American dollars are required to buy a product that costs 2.5 Canadian dollars?
A) $1.32 B) $2.23 C) $2.75 D) $2.81
Economics