The unbalanced development strategy relies on
a. the government broadening its time horizon
b. economic dualism, that is, government and the private sector
c. the balancing effect of foreign aid and investment
d. investments creating new supply capacities, which create new demands, which stimulates investments in new supply capacities
e. incentives created by income disparity
D
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Suppose a new technology is developed that increases the productivity of labor. You would expect
A. the wage rate to fall, since employers will want less labor. B. the demand for labor to fall. C. the demand for labor to rise. D. an increase in unemployment as firms replace labor with technology.
When a country's currency depreciates
A) foreigners find that its exports are more expensive, and domestic residents find that imports from abroad are more expensive. B) foreigners find that its exports are more expensive, and domestic residents find that imports from abroad are cheaper. C) foreigners find that its exports are cheaper; however, domestic residents are not affected. D) foreigners are not affected, but domestic residents find that imports from abroad are more expensive. E) foreigners find that its exports are cheaper and domestic residents find that imports from abroad are more expensive.
When banks hold excess reserves because they don't see good lending opportunities, _____
a. contractionary monetary policy is negatively affected b. expansionary monetary policy is negatively affected c. expansionary monetary policy is unaffected d. contractionary monetary policy is unaffected
If this firm produces at its most efficient output level it would produce at about _____ units.
A. 150
B. 200
C. 250
D. 300