Big-push strategy investments are designed to
a. aid the rich landowners (who run the LDC governments) at the expense of the poor peasants
b. invite back successful colonial development into the LDCs
c. keep new forms of colonialism out of the LDCs
d. generate tax revenues for development
e. create the all-at-once development upon which private investment can flourish
E
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From an initial long-run equilibrium, if aggregate demand grows faster than long-run and short-run aggregate supply, then Congress and the president would most likely
A) decrease tax rates. B) decrease government spending. C) decrease the required reserve ratio. D) decrease oil prices.
Baseball teams shut down in the winter. This is an example of
A) permanently leaving the industry because price is less than average fixed cost. B) temporarily leaving the industry because price is less than average variable cost. C) temporarily leaving the industry because price is less than average fixed cost. D) permanently leaving the industry because price is less than average variable cost.
Of the following, which is true of the relationship between the quantity of a good supplied and its price?
a. As price increases, the quantity supplied usually decreases. b. As price increases, the quantity supplied usually increases. c. As price increases, supply increases. d. When demand increases, so will supply. e. They always meet at the point of equilibrium in the market.
The New York Stock Exchange handles only about 10 percent of all stock market transactions in the United States
a. True b. False Indicate whether the statement is true or false