Falling inequality has been a feature of the HPAE due to land reform, free public education, free basic health care, and significant investments in infrastructure for communication, sanitation, and transportation

Why would an economist claim that "oil comes out of our minds"?

A) She wants to sound silly. B) She wants to tell lies. C) She wants to remind us that the recognition of useful resources is a product of our mental abilities. D) She wants to sound like a really big and important theorist and could not care less about the facts of the real world.

The purchasing power parity theory helps explain long-run trends in exchange rates, but not short-run fluctuations

a. True b. False