When government inefficiencies exist
A) a country tends to grow at a slower rate.
B) a country tends to grow at a faster rate.
C) economic growth is not influenced.
D) dead capital is usually not a problem.
A
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Why do current account deficits always match financial account inflows?
What will be an ideal response?
The above table gives the demand and supply schedules for cat food. If the price is $3
00 per pound of cat food, will there be a shortage, a surplus, or is this price the equilibrium price? If there is a shortage, how much is the shortage? If there is a surplus, how much is the surplus? If $3.00 is the equilibrium price, what is the equilibrium quantity?
Explain the potential costs of high-powered incentives by considering the case of providing incentives to police officers. Would it be a good idea to pay higher wages to police officers if they make more arrests?
What will be an ideal response?
Foreign exchange reserves are
A. Used by the Federal Reserve in open market operations. B. Holdings of foreign exchange by official government agencies. C. Holdings of foreign exchange by individual citizens. D. Held illegally by many countries.