All of the following are sources of funding for capital goods in developing countries EXCEPT
A) portfolio investment. B) taxation.
C) foreign direct investment. D) loans from banks.
B
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Public goods
A) are overproduced by unrestrained markets. B) are simply private goods that the government provides. C) cannot be consumed by more than one person without the degradation of the value of the good. D) can be consumed by more than one person without degradation of the value of the good.
Which of the following would cause an increase in the demand curve for oranges?
a. a freeze in Florida (a major orange producing state) b. a new machine that allows orange growers to harvest oranges faster c. a decrease in the price of apples d. an announcement by the FDA that oranges lowers cholesterol
When economists are trying to explain the world, they are scientists. When they are trying to improve it, they are
The opportunity cost of moving from point T to point Q would be
A. giving up trips around the world.
B. giving up heart transplants.
C. gaining trips around the world.
D. gaining heart transplants.