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Absolute PPP exchange rates are likely to be very close to m…

Absolute PPP exchange rates are likely to be very close to market exchange rates. 

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Under Apartheid laws, minorities were restricted to the citi…

Under Apartheid laws, minorities were restricted to the cities, close to jobs. Suburbs, where land was more plentiful, were designated only for white South Africans. 

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The silk road is described as a 5000 mile stretch…

The silk road is described as a 5000 mile stretch…

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Suppliers of currency tend to be more elastic in the short r…

Suppliers of currency tend to be more elastic in the short run. 

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The first meal we see the boys cook/eat is: 

The first meal we see the boys cook/eat is: 

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The corruption charges against Mr. Colom surround:

The corruption charges against Mr. Colom surround:

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The world’s volume of trade has been decreasing over time. 

The world’s volume of trade has been decreasing over time. 

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Spain has a trade surplus. This most likely means that the C…

Spain has a trade surplus. This most likely means that the Current Account has a positive balance.  

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People can own property in Burma. But property rights are in…

People can own property in Burma. But property rights are insecure and government can seize private property at any time. 

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South Africa is considered by the United Nations to be a dev…

South Africa is considered by the United Nations to be a developed nation like Germany and Canada. 

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