The "Four Tigers" are frequently associated with one another because all have used
a. command-type planning to promote rapid economic growth.
b. foreign trade to promote industrialization.
c. high rates of saving and investment.
d. none of the above.
e. b and c are correct
E
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Tobin's model of the speculative demand for money shows that people can reduce their ________ by ________ their asset holdings
A) wealth; diversifying B) risk; specializing C) return; diversifying D) risk; diversifying
The slope of the total variable cost curve gives the average cost of production
Indicate whether the statement is true or false
At a price of $4 per unit, Gadgets Inc. is willing to supply 20,000 gadgets, while United Gadgets is willing to supply 10,000 gadgets. If the price were to rise to $8 per unit, their respective quantities supplied would rise to 45,000 and 25,000. If these are the only two firms supplying gadgets, what is the elasticity of supply in the market for gadgets?
A. 0.80 B. 0.833 C. 1.0 D. 1.2
All else equal, if Canada raises its interest rates,
A) the dollar depreciates. B) the U.S. demand for Canadian dollars decreases. C) the Canadian supply of Canadian dollars increases. D) the Canadian dollar will depreciate.