Because poverty is so pervasive, poor countries are not able to experience economic growth.
Answer the following statement true (T) or false (F)
False
The potential of economic growth to reduce poverty in poor nations is impressive. China has demonstrated just how effective economic growth can be in reducing poverty. Since 1990, China has been the world's fastest-growing economy, with annual GDP growth rates routinely in the 8-10 percent range.
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In an economy in with no income taxes or imports, the multiplier equals
A) . B) . C) . D) . E) .
A decrease in quantity supplied
a. results in a movement downward and to the left along a fixed supply curve. b. results in a movement upward and to the right along a fixed supply curve. c. shifts the supply curve to the left. d. shifts the supply curve to the right.
One drawback to industrial policy is that
a. technology spillovers are too expensive to control. b. measuring the size of spillovers from different markets is difficult. c. spillovers often occur in industries that produce undesirable products for society. d. positive side effects are often outweighed by negative side effects.
In which of these years was there very high inflation and a recession?
A. 1937 B. 1980 C. 1990 D. 2001