Describe briefly five major characteristics or problems of developing countries' agricultural sector. Make reference to specific countries or regions where you can
What will be an ideal response?
Answers may be expected to vary according to lecture topics, and might include a discussion of land ownership, available inputs, credit access, training program, etc.
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A speculative attack on an overvalued currency leads to a(n) ________ in international reserves and a(n) ________ in the fundamental value of the currency.
A. decrease; decrease B. increase; decrease C. increase; increase D. decrease; increase
The interest rate compensates
a. bankers for their time spent on paperwork b. borrowers for their increased consumption today c. savers for consumption forgone today d. consumers for more consumption today e. the Fed for its efforts to control the money supply
Classify the following goods into public goods, private goods, club goods, or common resources with suitable reasons
a. Congested roads b. Education provided by a university
Which of the following results in the greatest present value if the interest rate is 10%?
a. A perpetuity that pays $10 per year. b. One hundred dollars tomorrow. c. A payment of $111 at the end of this year. d. One hundred dollars today.