Purchasing power parity (PPP) measurements of income are a way to make international comparisons by correcting for national differences in
A) unemployment.
B) inflation.
C) prices of goods and services.
D) economic growth.
E) government subsidies.
C
Economics
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The fraction of deposits that banks are required by law to hold and not lend out are called its
A) required reserves. B) net worth. C) excess reserves. D) reserves.
Economics
According to your textbook, pollution is a major social and political concern because
A) it is inefficient. B) it is always immoral. C) people disagree about rights, which are extremely difficult to resolve. D) the environment is on the verge of ecological catastrophe.
Economics