The decision of Russia to embark on perestroika reforms came under:
a. Yeltsin
b. Putin
c. Brezhnev
d. Gorbachev
e. none of the above
D
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Which of the following is true of sub-Saharan Africa?
a. Sub-Saharan Africa has received very little foreign aid and as a result, the poverty rate in the region is high. b. Sub-Saharan Africa has received more foreign aid than any other region and nonetheless the poverty rate in the region remains high. c. The economic freedom rating of sub-Saharan African countries is high, but the poverty rate in the region is still the highest in the world. d. the reduction in the poverty rate in sub-Saharan Africa has been faster than for other regions of the world during the past quarter of a century.
In which of the following decades was there both high inflation and rapid money supply growth in the US?
a. the 1970's and the 1990's b. the 1970's but not the 1990's c. the 1990's but not the 1970's d. neither the 1970's nor the 1990's
Consider a product with a perfectly competitive market. Carefully explain why nations gain from engaging in international trade in this product. Do nations gain equally from trade? If not, what determines which country gains more? (In your answer you can assume a two-country world.)
What will be an ideal response?
Which of the following statements about a cost-push inflation is correct?
What will be an ideal response?