Rwanda is a clear example of a country that has:
A. achieved economic growth only after a democratic regime was in place.
B. achieved economic growth without a democratic regime.
C. failed to achieve economic growth without a democratic regime.
D. failed to achieve economic growth, despite having a democratic regime.
B. achieved economic growth without a democratic regime.
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Refer to Table 19-19. Given the information above, calculate the GDP deflator in 2016
A) 114 B) 105 C) 95 D) 87
The Slutsky decomposition of the effect of the real wage on a person's labor supply decision suggests that the negative income effect of such a wage change will be larger: a. the smaller is the quantity of labor supplied and the smaller is the effect of non-labor income
b. the smaller is the quantity of labor supplied and the larger is the effect of non-labor income. c. the larger is the quantity of labor supplied and the smaller is the effect of non-labor income. d. the larger is the quantity of labor supplied and the larger is the effect of non-labor income.
Deciding which exchange rate should be used in the presentation of financial statements
A) is a rather straight forward decision. B) is called exchange rate risk. C) is called market-based exposure. D) is called balance sheet exposure.
The government sometimes provides public goods because
a. private markets are incapable of producing public goods. b. free-riders make it difficult for private markets to supply the efficient quantity. c. markets are always better off with some government oversight. d. external benefits will accrue to private producers.