The goal of an unbalanced economic development strategy is to create
a. a political revolution or change that sparks economic development
b. labor unions in nonunionized markets that unbalances those markets
c. more government jobs for workers in the modern sector
d. high profit in the private sector and low profit in the government sector
e. forward and backward linkages that provide mutually sustaining markets
E
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Which of the following would lead to a rightward movement along the aggregate expenditure line rather than a shift of the line itself?
a. A reduction of the marginal propensity to consume b. A decrease in income of $100 billion c. An increase in income of $50 billion d. An increase in the interest rate e. A $50 billion decrease in autonomous consumption spending
Over the last century,
A. hours worked have increased as wages have increased. B. hours worked have decreased as wages have increased. C. hours worked have increased as wages have decreased. D. hours worked have decreased as wages have decreased
The price elasticity of demand is a measure of the:
A. absolute changes in quantity demanded and price. B. responsiveness of quantity demanded to a change in price. C. steepness or slope of a demand curve. D. sensitivity of the quantity demanded for one good to a change in the price of another good.
Federal marketing orders were created in 1937 by way of which legislative act?
A) Cooperative Marketing Act B) Capper-Volstead Act C) Robinson-Putman Act D) Agricultural Marketing Agreement Act