A recent push in development economics is to:
A. fund only those programs that prove to be effective.
B. put more focus on a program's effectiveness.
C. stop the trial and error process of funding programs that "might" work.
D. All of these statements are true.
D. All of these statements are true.
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The Federal Reserve System is the
A) insurance agency the insures deposits. B) central bank of the United States. C) law enforcement agency that tracks counterfeit money. D) federal government agency that undertakes deregulation for depository institutions.
Refer to Figure 1-1. Using the information in the figure above, calculate the percentage change in sales of alcoholic beverages between 2013 and 2016
A) 23.1% B) 23.8% C) 30% D) 42.9%
Which of the following statements regarding patents is false?
A) Patents can help firms gain market power through innovation and then act as a barrier to entry. B) A firm that has market power as a result of a patent may be more likely to innovate than a perfectly competitive firm. C) Patents encourage the production of information, which might otherwise be under supplied. D) Patents can last for an indefinite time period.
If the market basket of goods and services that the Commerce Department uses to calculate the CPI were to decline from $30,000 in the base year to $15,000 in the current year, the current year's CPI would be
A. 300. B. 150. C. 100. D. 50. E. 0.