Countries with higher income per capita are likely to have ________
A) a lower Human Development Index B) a higher Human Development Index
C) a higher rate of unemployment D) a lower life expectancy at birth
B
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The Fed uses a "core" price index, one that excludes food and energy prices to measure inflation. It does so because
A) food and energy have inelastic demand curves and consumers will buy them regardless of their price. B) food and energy prices have wide swings that are not related to the causes of general inflation. C) food and energy prices do not change all that much during the short run, so are irrelevant to the calculation of inflation. D) it wants to avoid the blame for high gasoline prices causing inflation.
Financial capital is highly volatile, and technological advances have reinforced this volatility
Indicate whether the statement is true or false