Why have China and India received so much international attention and investment?
What will be an ideal response?
The potential future market size in China and India is huge, even if only a small percentage of people make it into the middle class.
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The table above shows the supply of loanable funds and the demand for loanable funds schedules
a. What is the equilibrium real interest rate and the equilibrium quantity of loanable funds? b. If the real interest rate is 4 percent, is there a shortage or surplus? What will happen in the market?
In the "Prisoners' Dilemma" game: a. When the prisoners follow their dominant strategy and confess, both will be worse off than if each had remained silent. b. a player would be better off if he did not confess and the other player confessed
c. a player would be better off if both he and the other player confessed. d. None of the above is true.
A macroeconomist would most likely study
A) the effects of changing grape prices on the market for oranges. B) the effects of an increase in wage rates on a woman's decision to enter the labor force. C) the effects of a lower income tax rates on the nation's total production of goods and services. D) the effect of increased union wages on the cost of producing automobiles.
England's colonial policy changed dramatically following the French and Indian War. All of the following statements describe factors that contributed to this change in policy except
a. Following the war, property taxes doubled in England in order to finance the large war debt. b. Wealthy New England merchants asked the Crown to exercise more authority over colonial affairs. c. Colonists had actively traded with England's enemies during the war. d. English military leaders realized that a continuing military presence would be necessary to protect colonial borders.