Which of the following is true of technology?
a. Technological improvements are less important today than was true in the past.
b. Lack of access to modern technology is a major barrier restraining the growth of low-income countries.
c. Often, perverse institutions and policies in low-income countries undermine the potential gains from adoption of modern technology.
d. Countries with high investment rates will be unable to apply modern technology effectively.
C
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Immigration accounts for what percentage of the annual growth in the U.S. labor force in recent years?
A. About 10 percent B. About 25 percent C. About 33 percent D. About 50 percent
In the second half of the 1990s a rapidly growing movement focused on the harm caused by international trade to
A) land owners in poor countries. B) capital owners in rich industrialized countries. C) land owners in rich industrialized countries. D) production workers in both rich and poor countries. E) terms of trade in developing countries.
Ever since the birth of Keynesian economics in the 1930s,
a. controversy has developed over the extent to which government should play an active role in managing the economy. b. controversy has developed over the extent to which markets should play an active role in managing the economy. c. agreement has developed over the extent to which government should play an active role in managing the economy. d. agreement has developed over the extent to which markets should play an active role in managing the economy.
In the absence of trade between the two countries, the price of rice in China in terms of radios would be
A. 1/2.
B. 2.
C. 150.
D. 300.