List and explain 3 major channels through which developing countries have financed their external deficits
What will be an ideal response?
Any of the 3 below along with clear explanation will suffice:
(1 ) Bond Finance
(2 ) Bank Finance
(3 ) Official Lending
(4 ) Foreign Direct Investment
(5 ) Portfolio investment in ownership of firms
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After increasing at more than 2 percent per year between 1950 and 1973, the growth rate of average labor productivity ________ between 1973 and 1995, and ________ between 1996 to 2007.
A. speeded up; accelerated even more B. slowed; decreased even more C. slowed; picked up D. speeded up; slowed
Which of the following statements is true?
A) At wages below the equilibrium wage rate, quantity demanded of labor exceeds the quantity supplied of labor. B) At wages above the equilibrium wage rate, quantity demanded of labor exceeds the quantity supplied of labor. C) At the equilibrium wage rate, quantity demanded of labor exceeds the quantity supplied of labor. D) At the equilibrium wage rate, quantity supplied of labor exceeds the quantity demanded of labor.
The best example of a standardized good would be:
A. breakfast cereal B. a handbag. C. an autographed baseball. D. corn.
Which statement is false?
A. When two countries trade, both gain from the trade. B. In international trade some countries are winners and others are losers. C. For most of the 20th century we had a positive balance of trade. D. None of these statements are false.