Refer to Figure 22-4. Many countries in Africa strongly discouraged and prohibited foreign direct investment in the 1950s and 1960s. By doing so, these countries were essentially preventing a moment from
A) E to B. B) D to B. C) A to E. D) B to A.
A
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If expectations about future income change, there is
A) a decrease saving if people expect income to decrease in the future. B) a decrease in saving if people expect income to increase in the future. C) an increase in saving if people expect income to increase in the future. D) no change in saving until income actually changes. E) a change in the quantity of loanable funds supplied and a movement along the supply of loanable funds curve.
In part, microeconomics is concerned with the study of
A) unemployment and economic growth. B) the Federal Reserve's policies. C) the effect government regulation has on the price of a product. D) national output of goods and services.
Which of the following countries is a middle-income country, which over the past century had a higher rate of economic growth than the United States?
a. Japan b. Mexico c. Canada d. Argentina
The Board of Governors of the Federal Reserve is independent of
A. both the President and Congress. B. neither the President nor Congress. C. the President, but not Congress. D. Congress, but not the President.