An inequality trap has a negative impact on human capital development.
Answer the following statement true (T) or false (F)
True
An inequality trap is a system of institutional barriers that impede human and physical capital investment, particularly by the poorest segments of society.
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The account that shows international transactions involving currently produced goods and services is called the
A) trade balance. B) current account. C) balance of payments. D) capital account.
In order to make an optimal choice we must use
a. percentage analysis. b. total analysis. c. average analysis. d. marginal analysis.
Externalities are
a. side effects passed on to a party other than the buyers and sellers in the market. b. side effects of government intervention in markets. c. external forces that cause the price of a good to be higher than it otherwise would be. d. external forces that help establish equilibrium price.
In the short run:
A. firms have the ability to enter or exit the industry. B. firms are able to alter some, but not all, of their factors of production. C. firms are unable to adjust their output choices. D. None of these are correct.