Suppose that when converting to the same currency values, the nominal gdp per capita in the fictional country of islandia is 25 percent higher than the nominal gdp per capita in the fictional country of mountainia. however, the purchasing power for the same amount of islandia currency is about 40 percent lower in islandia than in mountainia. if we use islandia as the base country for comparison, the ppp-adjusted gdp per capita in mountainia i(click to select) ts nominal gdp. less than which country has the higher average standard-of-living? greater thar equal to mountainia both are equal oit is not possible to determine which is higher o islandia purchasing power parity (ppp): is a reason why all economies have left the gold standard. is as commonly accepted as the law of demand. o almost never holds completely. represents the universality of exchange rate systems.

In three to four sentences, explain the effect of a price ceiling on the quantity of a good and who this intervention intends to assist

What are the main advantages and disadvantages of organizing a firm as a c corporation? the advantages are: (select all the choices that apply.) a. there is no limit on the number of owners a c corporation may have, thus allowing the corporation to raise substantial amounts of capital. b. the life of the business can continue beyond the death of any of the owners. c. the corporation can use the assets of the owners to pay for corporate liabilities. this attracts smaller investors to the corporation. d. the liability of the owners is limited to the amount of their investment in the firm. the disadvantages are: (select all the choices that apply.) a. income to a c corporation is subject to double taxation, once at the corporate level and again when received by the owners in the form of a dividend. b. the life of the business usually ends with the death of any of the owners. c. the c corporation is more complicated and more expensive to set up than other business entities. d. corporate liabilities can be passed on to the share

Which of the following is a problem for the production of public goods?