Which of the following is a reason for the failure of development plans?
(a) unreliable data.
(b) unanticipated economic disturbances.
(c) lack of political will.
(d) all of the above.
(e) none of the above.
D
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Which of the following trends would lower the unemployment rate associated with full employment?
a. People become less educated over time. b. More people are willing to move to find a job. c. The government spends money to reduce the loss of jobs during a recession. d. A larger proportion of jobs are seasonal in nature. e. The federal government increases unemployment benefits.
Economic rent is the minimum payment necessary to induce any of the factor to be supplied
a. True b. False Indicate whether the statement is true or false
The long-run equilibrium of a monopolistic competitor lies on: a. the minimum point of the average total cost curve
b. the downward-sloping portion of the average total cost curve. c. the upward-sloping portion of the average total cost curve. d. the minimum point of the marginal cost curve.
U.S. dollars are an example of commodity money and hides used to make trades are an example of fiat money
a. True b. False Indicate whether the statement is true or false