What explains the sharply divergent long-run growth patterns?
What will be an ideal response?
The answer lies in the economic and political features of developing countries and the way these have changed over time in response to both world events and internal pressures.
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Refer to Figure 9.2. A movement from point c to point b could be caused by a simultaneous ________ and ________
A) decrease in government spending; decrease in the price of oil B) increase in government spending; increase in the money supply C) increase in taxes; decrease in government spending D) decrease in taxes; increase in the price of oil
Refer to Table 11-2. What is the average product of labor when the orchard employs 5 workers?
A) 270 bushels B) 54 bushels C) 40 bushels D) 8 bushels
Public utilities are often referred to as
a. supernatural monopolies. b. oligopolistic monopolies. c. natural monopolies. d. competitive monopolies.
A statistical analysis is internally valid if
A) its inferences and conclusions can be generalized from the population and setting studied to other populations and settings. B) statistical inference is conducted inside the sample period. C) the hypothesized parameter value is inside the confidence interval. D) the statistical inferences about causal effects are valid for the population being studied.