Which of the following is the definition of the resource curse?
A. the ecological damage caused due to severe pollution related to the large scale extraction of oil
B. the allocation of all government tax revenue, including oil revenues, based on the principles of equitable distribution and welfare
C. the exploitation of capital in the quest to extract as much natural resources as possible in a short period of time at the cheapest cost
D. the primary goal of the British to rule Nigeria using the indirect rule approach, rather than the direct rule approach
E. the observation that countries rich in natural resources often display poor economic development and governance than countries lacking these resources
E
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Library catalogs, Books in Print, Index Medicus, and Readers' Guide to Periodical Literature share what common trait?
A) They do not provide abstracts. B) They are only available on computer. C) They must be searched by author. D) They are only available in large libraries.
The federal government uses fiscal policy when it raises ___________
a. the reserve ration b. taxes c. the marginal tax bracket d. the discount rate
Which president sent the U.S. navy to fight the Barbary Pirates who operated out of various North African countries?
A) Ronald Reagan B) Thomas Jefferson C) George W. Bush D) Andrew Jackson E) Abraham Lincoln
What are the two broad sets of tools for managing the economy?
A. Fiscal policy and monetary policy B. Economic development policy and economic regulatory policy C. Monetary policy and economic development policy D. Fiscal policy and economic regulatory policy E. Foreign policy and domestic policy