The concept of linkages is most important in
a. balanced growth model
b. surplus labor model
c. Harrod-Domar model
d. unbalanced growth model
e. linkage is not important in any growth model
D
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What will be an ideal response?
The finding that U.S. exports tend to come from labor-intensive industries, while U.S. imports are produced using relatively capital intensive techniques is known as
A) the Leontief paradox. B) the balance of trade enigma. C) the Heckscher-Ohlin paradox. D) the Krugman finding.
Sticky wages cause the:
A. short-run aggregate supply curve to slope upward. B. short-run aggregate supply curve to slope downward. C. long-run aggregate supply curve to slope upward. D. long-run aggregate supply curve to slope downward.
What happens when a market is in disequilibrium and prices are flexible?
A. The price will change. B. The price stays the same. C. The government sets the price. D. The supply or demand will change.