In the above figure, if this natural monopolist were unregulated, the profit maximizing firm would sell the product at the price
A) A.
B) B.
C) C.
D) F.
A
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Dependency theory characterizes countries as being either in the center or on the periphery. Explain these two concepts. If this theory is correct, what are the implications for development strategy?
What will be an ideal response?
As more and more resources are dedicated to an activity
a. the benefits will increase proportionately. b. the benefits will become smaller and smaller while the costs will rise. c. the demand for that activity will increase. d. the costs will be offset by the benefits received from the activity.
When the IMF provides loans to developing countries, it often requires these countries to adopt:
A. a contractionary fiscal policy and an expansionary monetary policy. B. contractionary monetary and fiscal policies. C. expansionary monetary and fiscal policies. D. a contractionary monetary policy and an expansionary fiscal policy.
Relative to developed economies, budget deficits are:
A. equally likely developing economies. B. politically less acceptable in developing countries. C. more likely in developing economies. D. less likely in developing economies.