The historical record indicates that foreign aid has
a. played a major role in helping formerly poor countries grow rapidly and achieve high income levels.
b. re-enforced corrupt governments and policies that stifle productive activities.
c. helped poor countries escape counterproductive policies imposed by authoritarian political leaders.
d. promoted economic growth, but slowed the movement toward political democracy.
B
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Refer to the table above. Assume that the market for notebooks is in equilibrium. Which of the following is likely to happen if there is an increase in the school enrollment rate, other things remaining the same?
A) The equilibrium price and quantity remain unchanged. B) Both the equilibrium price and quantity of notebooks decrease. C) Both the equilibrium price and quantity of notebooks increase. D) The equilibrium price increases, but the equilibrium quantity of notebooks decreases.
Opportunity cost is the best alternative sacrificed for a chosen alternative
a. True b. False Indicate whether the statement is true or false
Property values are determined by
a. the interest rate and expected annual revenues from the property, both present and future b. the value of the expected annual revenues from the property, both present and future, and the rate of inflation c. the opportunity cost of the property d. the present (this year only) revenue generated by the property e. the demand side only since the supply of the property is already fixed
The law of diminishing returns means that marginal costs will eventually rise as a firm produces more.
Answer the following statement true (T) or false (F)