Most developing countries have tried to
A) liberalize capital movement.
B) control capital movements.
C) Hard to tell from the data.
D) in the 1960s and 1970s control, now to liberalize.
E) in the 1960s and 1970s liberalize, now to control.
B
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When a nation exports a good, its ________ surplus decreases, and when it imports a good, its ________ surplus decreases
A) consumer; producer B) consumer; consumer C) producer; producer D) producer; consumer E) total; consumer
Which of the following industries would be considered to have a labor intensive production process?
A. Printing a novel B. Farming in a poor country C. Building a road. D. Driving a truck.
In the self-correcting AD-AS model, a point where the economy's long-run AS curve, short-run AS curve, and AD curve all intersect at a single point represents a point where: a. real GDP is equal to its full-employment level
b. the conditions of short-run equilibrium are fulfilled. c. the conditions of long-run equilibrium are fulfilled. d. all of the above. e. a and c, but not b.
Changing the ownership of the ocean from common property to private property would
A) ensure that this resource would be allocated in a more efficient manner. B) ensure that this resource would be allocated in a less efficient manner than under common property rights. C) not be economically desirable. D) result in no appreciable change in efficiency of utilization of this resource.