Successful export-led growth policy entails:
A. choosing the "right" industries to invest in.
B. blocking the "right" industries from importing to domestic markets.
C. choosing the "right" incentives to encourage exports.
D. choosing the "right" disincentives to reduce imports.
A. choosing the "right" industries to invest in.
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Pointy Stone State Park is the sole employer of naturalists in the area. The table above provides information about the supply of naturalists and the value of marginal product of labor for naturalists
On the last naturalist hired, Pointy Stone State Park will earn a profit of A) zero. B) $100 per week. C) $150 per week. D) $200 per week.
According to the table above determine which country has the absolute advantage in corn and which in soybeans. In addition, determine which country has the comparative advantage in corn and which in soybeans
Make sure to support your answer by deriving the opportunity costs of each.
The ultimate market constraint on the exercise of market power
A. Is barriers to entry. B. Is the demand curve facing the monopolist. C. Is the ATC curve facing the monopolist. D. Is marginal cost pricing.
The evidence suggests that recent technological change
A) permanently increased the natural rate of unemployment. B) is different from past technological change, in that it has no impact on productivity. C) has increased productivity in the service sector only. D) has increased productivity in the manufacturing sector only. E) has increased the wage gap between skilled and unskilled workers.