A competitive capital market is important to society because it directs resources toward projects that
a. can be completed quickly.
b. create wealth.
c. have an outcome that is known with certainty.
d. reduce the value of the resources employed.
B
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Describe the policies that would be associated with Import Substitution Industrialization. What are the primary criticisms of these policies?
What will be an ideal response?
The water and diamond paradox can be explained with the law of diminishing marginal utility and the comparative availability of water and diamonds
Indicate whether the statement is true or false
A recession in the United States ________ the demand for exports from Canada resulting in a reduction in Canadian autonomous expenditures and a(n) ________ output gap in Canada.
A. reduces; recessionary B. reduces; expansionary C. increases; expansionary D. increases; recessionary
Which contingency theory focuses on the readiness of the employees?
a. path-goal model b. life cycle model c. vroom-yetton model d. fiedler model