Today, primary commodities
A) are not a major export for most of Latin America.
B) are highly valued relative to manufactured goods.
C) have benefited from increased demand from growing world economies.
D) are not subject to business cycles.
C
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What is odd pricing? Why do some merchants use odd pricing?
What will be an ideal response?
Limits of special-interest contributions to national political campaigns
a. would reduce the extent of rent seeking b. would involve concentrated costs and concentrated benefits c. are a form of rational ignorance d. would heighten the advantage of incumbency e. would heighten the advantage of challengers
An example of a policy aimed at economic development that would also indirectly impact poverty would be:
A. food stamps. B. public investments in education. C. earned income tax credit. D. All of these will cause economic growth and positively impact poverty.
Suppose two economies, the United States and Saudi Arabia, each have a GDP of $1,000 . A U.S. war effort involves the purchase of $100 of Saudi oil, which is financed by selling $100 worth of U.S. government bonds to Saudi Arabia. During the war period,
a. U.S. civilian and war consumption stays at $1,000 while Saudi consumption falls to $900 b. U.S. civilian and war consumption increases to $1,100 while Saudi consumption stays at $1,000 c. U.S. civilian and war consumption increases to $1,100 while Saudi consumption falls to $900 d. U.S. civilian and war consumption stays at $1,000 and Saudi consumption stays at $1,000 e. U.S. civilian and war consumption stays at $1,000 while Saudi consumption rises to $1,100