Contract responsibility was a reform that applied to:
a. state owned enterprises
b. the commanding heights
c. small scale industry
d. agriculture
e. None of the above
D
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If the quantity of goods and services produced in the economy decreases,
A) real GDP would certainly increase. B) nominal GDP would certainly increase. C) it may be possible for nominal GDP to increase. D) it may be possible for real GDP to increase.
One of the problems with excessive debt is that
A) it worsens the central government's budget position by adding large debt service payments to other budget items. B) it reduces the quantity of resources available to invest in economic development. C) if debt service is substantial, schools, health clinics, roads, ports, other infrastructure, and social needs are less likely to be addressed. D) it can intensify and spread a crisis. E) All of the above.
The fact that 10 additional nations joined the European Union in May 2004 is an example of deepening
Indicate whether the statement is true or false
If an event is unlikely to occur, which probability is a reasonable estimate?
A) 0 B) 0.23 C) 0.82 D) Not enough information to determine.