In China, beef is considered a:
A) luxury.
B) necessity.
C) close substitute for chicken.
D) none of the above.
A
Economics
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One reason that a poor nation remains poor over time is that even though total national real GDP grows,
a. c and e. b. c, d, and e. c. it is too small to begin with. d. the growth rate is smaller than the growth rate of industrialized nations. e. it does not grow faster than population.
Economics
A bank's reserves include:
A. the bank's loan portfolio. B. U.S. Treasury Securities. C. vault cash. D. U.S. Treasury bills and vault cash.
Economics