Which of the following is true?
a. in recent decades, the rich countries of the world have consistently grown more rapidly than poor countries.
b. no LDC was able to achieve a more rapid growth rate than the United States during the 1980 through 2005 period.
c. during recent decades, most LDCs have stagnated economically.
d. during 1980 through 2005, the fastest growing countries in the world were mostly LDCs.
D
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If the World Bank makes loans to nations that can attract private funds
A) the increase in growth in that nation will spill over to other nations that are developing. B) the presence of the World Bank's loans will lead to even more private funds being attracted to that country. C) the World Bank's loans will crowd out the private funds made to developing nations to encourage economic growth. D) these loans will interfere in the private market for capital goods and can lead to inefficient investment.
Using the above figure, an increase in the demand for Dutch goods by U. S. consumers will lead to
A) a depreciation in the Dutch currency. B) an appreciation in the Dutch currency. C) an increase in the supply of Dutch currency as foreign exchange. D) a decrease in the supply of Dutch currency as foreign exchange.
A financial market where economic agents meet in one central location is known as ________
A) an over the counter market B) an exchange C) a bond market D) a money market
If monopolistically competitive firms earn short-run economic profits, we expect to see
A) new firms enter the industry, which shifts the demand curves of the existing firms to the left until firms earn zero economic profits. B) new firms trying to enter the industry, but unable to do so because of barriers to entry. C) existing firms altering their scale of plant to try to capture larger profits. The combined effect is to cause all firms to earn zero economic profits. D) existing firms increasing prices to try to capture larger economic profits.