Economic development encompasses which of the following measures?
a. Distribution of income. b. Legal system.
c. Transportation structures. d. All of these.
d
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Measuring the national income accounts can NOT be helpful in explaining things like:
A. unemployment rates. B. economic booms. C. rates of inflation D. rates of return on a firm’s capital.
Which of the following scenarios would serve to decrease the demand for unskilled labor in the U.S.?
a. increased productivity gains among unskilled laborers b. increased demand for goods produced by unskilled laborers c. increased international trade with countries where unskilled labor is more plentiful d. increased supply of migrant workers
A decrease in aggregate demand, all other things unchanged, will generate _______ in potential output and _______ in the price level.
A. an increase; no change B. a decrease; no change C. no change; an increase D. no change; a decrease
The buying and selling of foreign currency by the central bank is a trade policy whose objective is:
A. reducing purchases of assets abroad. B. stabilizing the exchange rate against external shocks. C. stabilizing the interest rate against foreign capital outflows. D. promoting long term economic growth.