Most economists agree that government efforts in economic development must be:
A. Employed to substitute for private efforts
B. Designed to support private efforts
C. The sole driver of economic development
D. Kept at a minimum because we can always rely on markets
B. Designed to support private efforts
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One way the venture capital firm avoids the free-rider problem is by
A) prohibiting the sale of equity in the firm to anyone except the venture capital firm. B) prohibiting members from serving on the board of directors. C) prohibiting the borrowing firm from replacing management. D) requiring collateral equal to the value of the borrowed funds.
The World Trade Organization is a successor organization to the
A) United Nations. B) World Bank. C) International Court of Justice. D) GATT.
One way the consumer price index (CPI) differs from the GDP chain price index is that it:
a. includes only purchases of items bought by typical urban consumers. b. uses only current year quantities. c. is based on all final goods and services. d. includes only services.
Bangladesh has had success with:
A. clustering the textile industry. B. clustering the fishing industry. C. supporting export-led growth policy. D. supporting import substitution policy.