Why have poor nations invested so much money in education and health? Evaluate the soundness of these reasons
What will be an ideal response?
Discussed in the chapter. Education and health improvements will increase labor productivity. Both are essential for sustained growth.
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If the MB of polluting increased, then what would happen to the optimal level of pollution?
A. Unsure B. Stay the same C. Increase D. Decrease
Statistical evidence suggests that
A) free trade policies promote economic growth more effectively than do import substitution policies. B) import substituting policies tend to promote effective exploitation of scale economies. C) import substitution tends to lead to relatively low effective rates of protection. D) import substitution is to this day the preferred growth strategy promoted by the World Bank. E) import substitution proved to be the most effective aid for developing countries before 1970.
During a period of contractionary monetary policy
A) the price level is increased, which leads to an increase in the money supply. B) the price level is decreased, which leads to a decrease in the money supply. C) the rate of growth of the money supply is increased, leading to an increase in the price level. D) the rate of growth of the money supply is reduced, leading to a decrease in the price level.
A government-imposed price floor in the tobacco market will raise the value of land used to grow tobacco
Indicate whether the statement is true or false