In which of the following countries has economic growth been sufficiently strong in recent history to propel that country from being among the poorest in the world to being among the richest in the world?
A. India
B. Mexico
C. Nigeria
D. Singapore
Answer: D. Singapore
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The most efficient way to encourage the growth of an infant industry is through
A) a voluntary export restraint. B) a tariff. C) a subsidy. D) an import quota.
What happens to aggregate demand if the demand for consumption goods decreases? If the demand for investment goods increases?
What are the major characteristics of pure monopoly?
What will be an ideal response?
In statistical discrimination:
A. The average characteristics of the group are applied to individual members B. The characteristics of individual members of a group are applied to describe the group as a whole C. Hiring characteristics for workers are based on set government requirements D. Workers are given preferential treatment if they help fulfill a quota for a particular type of characteristic