Multiple Choice
Related to the Economics in Practice on page 39: In the survey conducted by Esther Duflo and Abhijit Banerjee, the extremely poor were found to consume ________ of their budgets on food compared to people in the United States.
A) a significantly higher percentage
B) about the same percentage
C) a slightly lower percentage
D) approximately 50 percent less
Correct Answer:

Verified
Correct Answer:
Verified
Q26: Refer to the information provided in Figure
Q57: If someone has a comparative advantage in
Q59: A society can produce two goods: donuts
Q61: Refer to the information provided in Figure
Q66: The idea that consumers ultimately dictate what
Q67: The government produces only what the market
Q116: Refer to the information provided in Figure
Q172: Refer to the information provided in Figure
Q202: The concept of opportunity cost is based
Q217: A society's production possibility frontier is bowed