Among development economists, the big-push refers to
a. the traditional process of economic dualism that forces workers to move from low-wage to high-wage sectors
b. an integrated network of government-sponsored and financed investments that are introduced to LDCs all at once
c. the political instability in LDCs that puts pressure on existing governments to achieve economic goals
d. a strategy of limiting international trade in LDCs in order to protect new industries
e. a situation in which there are many economists competing for a limited number of jobs advising LDCs
B
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A perfectly competitive firm produces so that its marginal cost equals the price
Indicate whether the statement is true or false
If net exports increase by 100 and the mpc is 0.75, equilibrium aggregate output increases by
A) 100. B) 250. C) 400. D) 750.
An externality is an example of
a. a corrective tax. b. a tradable pollution permit. c. a market failure. d. Both a and b are correct.
Using a flow chart, illustrate the effects of a decrease in government spending (G) in a country with floating exchange rates and highly mobile international capital.
What will be an ideal response?