In reality, overall growth and income for the poorest are:
A. highly positively correlated, but not perfectly.
B. uncorrelated.
C. highly negatively correlated, but not perfectly.
D. slightly positively correlated.
A. highly positively correlated, but not perfectly.
You might also like to view...
Suppose India and France have the same PPF, shown in the figure above. Based on their current production points, which is India's most likely future PPF?
A) PPF1 B) PPF2 C) PPF0 D) either PPF0 or PPF1 E) None of the above because economic growth will not happen in India.
The schedule of tolls capable of maximizing the net revenue of a bridge owner
A) has no relationship to the cost of constructing the bridge. B) is the highest anyone will pay rather than forgo the opportunity to cross the bridge. C) varies proportionately to the cost of constructing the bridge. D) will be higher than the corresponding tolls for a tunnel, because tunnel construction costs must be sunk rather than elevated.