Which idea about development was constructed with developing countries in mind?
a. Harrod-Domar model
b. New Growth theory
c. Neoclassical growth model
d. Lewis labor-surplus model
e. All of the above
D
You might also like to view...
Unemployment in the post-World War II era (1945–50)
(a) was reduced only because of the post-war decline in the size of the civilian labor force. (b) rose above wartime levels, but remained far below the levels of the 1930s. (c) rose in response to the decline in civilian consumption levels. (d) remained at the low levels achieved in World War II (1941–45).
Which of the following will decrease the demand for coffee?
a. the discovery that caffeine can cause heart problems b. an increase in the price of coffee c. an increase in the price of tea, a substitute for coffee d. a decrease in the prices of coffee makers and coffee cups, complements to coffee
Briefly describe the factors that contributed to the U.S. Current Account deficits of the 1990s
What will be an ideal response?
Suppose that the market price of good X equals the firm's cost of producing that good, but it does not reflect any costs imposed on society. Which of the following is FALSE?
A) The good is priced too low. B) An external benefit is associated with good X. C) Resources are over-allocated in the production of good X. D) Too much of good X is being produced.