The poorest regions in the world, as measured by GDP per capita, are:
a. Latin America and the Caribbean. b. the Middle East and North Africa.
c. Sub-Saharan Africa and South Asia. d. Australia and New Zealand.
c
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Which of the following is true concerning unilateral transfers in the U.S. balance of payments?
a. Unilateral transfers have been positive since World War II. b. Unilateral transfers have been negative since World War II. c. Unilateral transfers have been negative every year since World War II except during the war in Iraq. d. The United States places tight restrictions on moneys being sent out of the country. e. Developing countries ordinarily place no restrictions on moneys being sent out of their countries.
The opportunity cost of a decision is the value of the best foregone alternative to the decision-maker
a. True b. False Indicate whether the statement is true or false