Which of the following statements is true?
A) The growth rate of South Korea has been less than the growth rate of the United States over the last 40 years.
B) The United States and the United Kingdom have recorded a growth rate of over 10% per annum in the last 40 years.
C) The gap between the GDP per capita of the United States and Singapore has increased over the last 40 years.
D) The gap between the GDP per capita of the United States and China has decreased over the last 40 years.
D
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Consider a country that produces only two goods: parrots and iguanas. Suppose it is impossible for this country to increase its production of parrots without producing fewer iguanas. In this case, its current output combination is efficient
Indicate whether the statement is true or false
What are the three types of gains from international transactions between the residents of different countries?
What will be an ideal response?