Most economists believe that convergence of GDP per capita ________ between developed nations and ________ between developing and developed nations

The concept of "the invisible hand" suggests that

A) products are produced out of a seller's sense of charity. B) when the seller is better off, the buyer is worse off. C) sellers exploit consumers with high prices. D) buyers and sellers are self-interested. E) the command system is the only way of efficiently allocating resources.

If Elvira purchases a $10,000 face value one-year Treasury bill for $9,302.33, the interest rate she will receive on the Treasury bill is

A) 1.07%. B) 6.98%. C) 7.5%. D) 9.3%.