A growth process whereby relatively poorer nations increase their income by taking advantage of knowledge and technologies already invented in other, technologically more advanced countries is referred to as:
A) trade-based growth. B) transfer growth.
C) innovative growth. D) catch-up growth.
D
You might also like to view...
Because there is a ________ relationship between the price level and the quantity of real GDP supplied, the aggregate supply curve is ________ curve
A) negative; an upward-sloping B) positive; an upward-sloping C) positive; a downward-sloping D) negative; a downward-sloping E) positive; a vertical
In Problem 14, do firms enter or exit the market in the long run? What is the market price and the equilibrium quantity in the long run?
What will be an ideal response?
President Nixon "closed the gold window"
a. as a political expediency b. to force the allies to devalue their currencies c. to try to save the Bretton Woods exchange rate system d. to halt dramatic inflows of gold into the United States e. to cure the U.S. domestic deflationary spiral
The term costs of adjustment refers to the states' intentions to _______________ , which is common in the politics of international finance.
Fill in the blank(s) with the appropriate word(s).