The developing world has been adamant that rich nations abandon farm subsidies in order to get a global trade deal both sides say they want.
Answer the following statement true (T) or false (F)
True
Poor nations need access to markets in rich nations in order to encourage investment in domestic production. They demand 'trade, not aid.'
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Other things remaining the same, a ________ in the real interest rate ________ the quantity of saving supplied and ________ the quantity of loanable funds supplied
A) rise; increases; decreases B) fall; increases; decreases C) fall; increases; increases D) fall; decreases; increases E) rise; increases; increases
Although imperfect, which of the following is used as a measure of the standard of living?
A) real GDP ÷ population B) real GDP × population C) nominal GDP × population D) nominal GNP ÷ population E) nominal GNP × population
If statistical analysis does not show clusters of characteristics
a. We can divide the world into economic systems b. factors other than the economic system affect outcomes c. growth cannot be measured accurately d. we can study institutional economics but not comparative economic systems e. None of the above
Holding money for the speculative motive is holding cash for unexpected events.
Answer the following statement true (T) or false (F)