According to the text, the beneficiaries of economic growth in poor nations are often the privileged government officials rather than the working masses. Why?
A) The officials deserve it.
B) The working masses can afford to get by with less, but the government can't.
C) The officials are often willing to grant foreign investors special deals as long as the investors share some of their investment returns with them and their cronies.
D) For all of the above reasons.
C
You might also like to view...
Starting from long-run equilibrium, a large increase in government purchases will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; higher; potential B. recessionary; higher; potential C. recessionary; lower; lower D. expansionary; higher; higher
The horizontal portion of the short-run aggregate supply curve in which there is excessive unemployment and unused capacity in the economy is
A) Say's law. B) the classical short-run aggregate supply curve. C) the Keynesian short-run aggregate supply curve. D) exists when prices are flexible.
Suppose that Colleen's nominal wage rate was $20 per hour in 1998, the base year for the CPI. If the CPI in 2003 was 120.0 and her nominal wage had risen to $22 per hour, what was her real wage in 2003?
a. $16.67 b. $18.33 c. $22.00 d. $26.40 e. her real wage for 2003 cannot be determined with the information given
Eric spends $325 to purchase necklace from Classy's Jewelry Store.
What will be an ideal response?