Over the last two decades, what is the single factor that has caused the increase in the percent of GDP spent on the military?
A. our tremendous need for imported oil to fuel our inefficient transportation system and large military.
B. our obligations to protect our friends in Asia.
C. our obligations to provide protection for the Americas and the Caribbean island countries.
D. play the role of world protector.
A. our tremendous need for imported oil to fuel our inefficient transportation system and large military.
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Which of the following should be used to compare the incomes of countries with huge differences in cost of living?
A) Gross national product B) Exchange rate-based measure of income per capita C) Income per working age population D) PPP-based measure of income per capita
A shift in the demand curve for sailboats resulting from an increase in incomes will lead to
a. higher prices of sailboats. b. lower prices of sailboats. c. a corresponding shift in the supply curve for sailboats. d. lower output of sailboats. e. no change in the price of sailboats.