According to empirical evidence
A) providing international aid to developing nations stimulates economic growth.
B) providing international aid to developing nations does not have a positive effect on economic growth.
C) international trade stimulates economic growth in richer nations, but actually slows economic growth in developing economies.
D) international trade stimulates economic growth in developing economies, but actually slows economic growth in richer nations.
B
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The demand curve for a monopolistic competitor is likely to be flatter than that of a monopolist
a. True b. False Indicate whether the statement is true or false
Chausiku’s country has seen its production possibilities curve shift down and to the left over the past five years. Which of the following has most likely affected Chausiku’s country during this period?
a. discovery of a major oil field b. a prolonged drought c. expansion of the nation’s highway system d. implementation of universal health care
An increase in income in other countries, other things equal, would cause U.S. _____
Fill in the blank(s) with the appropriate word(s).
Refer to the diagram. Assume that nominal wages initially are set on the basis of the price level P 2 and that the economy initially is operating at its full-employment level of output Q f . In the short run, demand-pull inflation could best be shown as:
A. a move from b to c on AS 2 .
B. a move from b to c to d.
C. a change of aggregate supply from AS 2 to AS 3 .
D. a move from b to d.