During the crises of the 1990s, restructuring of bank debt was difficult as the number of debtor and creditor countries was significantly large.
Answer the following statement true (T) or false (F)
False
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Microsoft's success over Apple although Apple had a technologically superior product is the result of:
a. increasing returns in a network-based business b. Microsoft's economies of scale over a wide range of output c. the revenue sources derived from Microsoft's intellectual property d. superior marketing and promotions e. all of the above
Which of the following tools is used most often by the Fed for changing the supply of money?
A. Open market operations B. Reserve requirement C. Discount window D. Interest rate
In high-income nations, the diminishing returns associated with capital deepening can offset the gains from technology
a. True b. False Indicate whether the statement is true or false
Growth often requires:
A. concurrent improvements in many aspects of the economy. B. governments to invest in one facet of the economy at a time, starting with leapfrog technology. C. governments to invest in one facet of the economy at a time, starting with education. D. governments to invest in one facet of the economy at a time, starting with basic infrastructure.