About greatest economy
Does Europe and- USA or China have the greatest economy?
Expert
1- Europe (keep in mind Italy, French, UK and Germany are 4 world's power) 2- USA 3- China.
From CIA World Fact book we got 2006 GDP Figures in the Trillions of dollars, buying power parity:
i) European Union: 13.080
ii) United State: 13.060
iii) China: 10.210
Preceding to 2005, and possibly back to 1942, the United State exceeded the EU.
The area below a resource’s price line although above its supply curve is: (w) consumer surplus. (x) monopoly profit. (y) excess value. (z) economic rent. Can anybody suggest me the proper explanation for giv
When a 2% raise in the price of Kibbles causes a 1% raise in the quantity sold of Bits, in that case their price cross elasticity of demand is approximately _____ and such goods are _____. (w) -2; complements (x) 0.5; substitutes (y) 2; substitutes (z
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For Christmas tree in this market, Curve H is this: (w) industry’s long-run supply curve. (x) firm’s demand curve in the short run. (y) industry’s marginal cost curve. (z) firm’s long run marginal cost curve.
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