One of the primary reasons that Mexico has experienced relatively low rates of economic growth is that for Mexican entrepreneurs,
A) the government has a history of nationalizing all successful domestically-owned industries.
B) problems in the banking system have made it difficult to obtain the funding needed to finance expansion.
C) there is a shortage of low-skilled labor to fill manufacturing jobs.
D) incentives from its neighboring Central American countries has attracted most of the foreign investment in the region.
B
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A recession is commonly defined as a period with
A) negative growth rate in real GDP that lasts at least one quarter. B) positive growth rate in real GDP that lasts at least one quarter. C) positive growth rate in real GDP that lasts at least two quarters. D) negative growth rate in real GDP that lasts at least two quarters.
Because ________ in the government budget deficit increase the real interest rate, budget deficits can ________ firm investment
A) decreases; increase B) increases; decrease C) decreases; decrease D) increases; increase
The law of supply states that, holding other factors constant, as price increases
a. Quantity supplied increases b. Quantity supplied decreases c. Quantity demanded increases d. Quantity demanded decreases
Oil is considered:
A. a renewable resource. B. a nonrenewable resource. C. physical capital. D. technology.