An inward-oriented strategy is designed to:
a. expand a country's export capacity.
b. lower the production of capital goods.
c. develop the domestic manufacturing sector.
d. promote the consumption of imported goods.
e. improve productivity in the domestic service sector.
c
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What is an isocost line? Write the equation used for an isocost line
What will be an ideal response?
The balance-of-payments identity is an equation that shows that the value of:
A. net exports equals the net capital outflow. B. net capital inflow equals the net capital outflow. C. imports must equal exports. D. payments from a country exceeds payments to a country.
Figure 11-7
The firm in Figure 11-7 is an unregulated monopolist; it will earn long-run profits of how much?
a.
500
b.
400
c.
300
d.
200
According to the quantity theory of money, in the long run
A) an increase in the quantity of money creates an increase the price level but no increase in real GDP. B) the quantity of money in the economy will always be just the right amount. C) an increase in the quantity of money creates an increase in the price level and in real GDP. D) None of the above answers are correct.