The core values of development include
a. increasing income per person.
b. reducing the inequality of income.
c. the ability to meet basic needs.
d. all of the above.
C
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A large majority of the personal computers (PCs) in the United States use an operating system purchased from Microsoft. Microsoft's relationship with PC manufacturers is an example of which of Porter's competitive forces?
A) the bargaining power of suppliers B) the threat from new entrants C) the bargaining power of buyers D) competition from substitute goods or services
The monetarists believe that the LM schedule
a. and the IS schedule are both steep. b. is flat while the IS schedule is steep. c. and the IS schedule are both quite flat. d. is steep and the IS schedule is relatively flat.
If households and firms expect higher rates of inflation, the ________ curve will shift ________.
A. SRAS; downward B. AD; until it becomes vertical C. SRAS; upward D. AD; rightward
Mick Jagger, a former student at the London School of Economics, once sang, “You can’t always get what you want, but if you try sometime, you just might find you can get what you need.” Another statement of the basic economic principle expressed in this lyric is that
A. rational decisions are not always possible. B. you can allocate your resources to what gives you the highest value. C. you can create the supply to meet your own demand. D. you can maximize social welfare by making optimal decisions.