India is a democratic country with a history of rule-of-law and an English-speaking heritage, all factors thought to give a development advantage.

Answer the following statement true (T) or false (F)


True

Economics

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In the new classical model, an anticipated increase in the money stock would cause

a. the price level and level of real output to rise. b. the price level to rise with no effect on real output. c. real output to rise with no effect on the price level. d. no change in the price level or level of real output.

Economics

In making decisions about insurance, a crucial piece of information to know is:

A. how easily you can reduce the risk of experiencing the event you're insuring against. B. how many others will likely be affected by the same risk. C. how catastrophic would the event's occurrence be if the event you're insuring against happened. D. when the event you're insuring against is most likely to occur.

Economics

The term opportunity cost refers to the

a. value of what is gained when a choice is made. b. difference between the value of what is gained and the value of what is forgone when a choice is made. c. value of what is forgone when a choice is made. d. direct costs involved in making a choice.

Economics

Define horizontal equity and briefly describe some features of the U.S. federal income tax system that may interfere with achieving it

Economics