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Which of these is a main issue with countries investing in education? 1. Brain Drain 2. Skill Limitation 3. Resource Depletion 4. Risk Aversion

If real GDP increased by 10% and nominal GDP increased by 15%, the country experience _____% of inflation.  

What is a problem with CPI? It does not measure improvements in quality from previous years it assumes people purchase different amounts every year It measures too many categories It only measures new products that have been created.

When the price of an eBook is $15.00, the quantity demanded is 400 eBooks per day. When the price falls to $10.00, the quantity demanded increases to 1200. Given this information and using the midpoint method, we know that the demand for eBooks is inelastic elastic unit perfectly

  Calculate the elasticity of demand. 1. 0.45 2. 0.55 3. 0.75 4. 0.85

The curve that explains the distribution of wealth in a country is known as the _______ curve.

If Mexico has a GDP growth rate of 10% and there GDP was $1 Trillion in 2016, when will there countries GDP go up to $2 trillion   2023 2027     2030     2032

What is not a main reason for the government to collect taxes? Pay for public goods  To prevent the economy from overconsuming. Prevent negative externalities        Redistribute wealth

There are three people in a country.  Here are the incomes of the three people. Person Income 1 $10,000 2 $100,000 3 $300,000 If each person had to pay $2,000 in taxes, what type of tax system would this be considered? (Hint: think of the percent of income each person will have to pay)   1. regressive 2. proportional 3. flat 4. progressive

Which of these would be considered to be the most inelastic in supply? 1. Online music      2. cups of coffee        3. physical books        4. rare minerals