Advances in production technology enable society to produce
a. less goods with more resources
b. more goods with current or less resources.
c. the same amount of goods utilizing more resources.
d. less goods with less resources.
b. more goods with current or less resources.
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If absolute PPP held, then the real exchange rate must be equal to
A) a constant. B) one. C) zero. D) a positive number.
The author of the New Industrial State, who believes that managerial bureaucracy controls corporate goals and behavior, is
a. William Baumol b. John K. Galbraith c. Milton Friedman d. Richard Lester e. Lester Thurow
The goal of rent control is to help the poor by making housing more affordable
a. True b. False Indicate whether the statement is true or false
Economic takeoff:
A. occurs when development becomes self-sustaining. B. will eventually occur in all developing countries. C. typically occurs in the absence of foreign investment. D. has yet to occur in any developing country.