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The Two Nations with the Highest GNI Per Capita in the Region

question 33

Multiple Choice

The two nations with the highest GNI per capita in the region are The two nations with the highest GNI per capita in the region are   A) Australia and New Zealand B) Papua New Guinea and the Solomon Islands C) Fiji and the Cook Islands D) Nauru and Tuvalu E) Kiribati and the Marshall Islands


Definitions:

Owns No Resources

The condition of not having access to or control over any assets, capital, or means of production.

Production Possibilities Frontier

A curve that shows the different combinations of various goods that a country can produce given certain resources and technology.

Full Employment

Employment level when there is no cyclical unemployment.

Command Economy

An economic system where the government makes all decisions regarding what goods should be produced, how they should be produced, and who gets them.

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