Which of the following statements is true?
A) Economic growth is the direct cause of declining poverty.
B) Growth in unemployment is the direct cause of declining poverty.
C) There are some countries where growth and poverty have both increased.
D) Economic growth is the direct cause of declining inequality.
C
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An increase in the U.S. interest rate relative to other countries will lead to ________ in the supply of dollars and a ________ in the exchange rate
A) an increase; fall B) a decrease; fall C) an increase; rise D) a decrease; rise E) no change; rise
Which of the following are TRUE regarding the argument that trade barriers protect U.S. workers from cheap foreign labor? I. Low-wage foreigners are just as productive as U.S. workers. II. U.S. workers have a comparative advantage in low-wage jobs
A) I only B) II only C) I and II D) Neither I nor II is correct.