One of the earliest practitioners of an infant industry policy was
a. Brazil
b. Ghana
c. India
d. The United States
e. none of the above
D
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Distinguish between saving and savings. How does investment relate to this distinction, if at all?
What will be an ideal response?
Which of the following markets comes closes to the model of perfect competition?
A) automobile industry B) information technology industry C) aerospace industry D) agriculture
The reason relative purchasing power parity (RPPP) is better at predicting exchange rates than absolute purchasing power parity (APPP) is because:
a. Actually, it is the other way around. APPP has been shown empirically and theoretically to be a more accurate way to predict exchange rates. b. APPP deals only with countries that have some sort of imbalance like hyperinflation. RPPP deals with any and all countries, which makes the job of predicting exchange rates easier. c. APPP has to begin and end in parity. RPPP just requires that the initial disequilibrium remain the same. d. APPP predictions are often biased because of central bank controls, sticky prices, and protectionism. RPPP can abstract from these problems.
The GDP of country A may be higher than that of country B because the workers in country A work more hours per week than workers in country B
Indicate whether the statement is true or false