The Washington Consensus argued that transition should begin with
a. The creation of macroeconomic stability
b. A free floating exchange rate
c. De-privatization
d. All of the above
e. None of the above
A
You might also like to view...
Which of the following is a positive statement?
A) Taxes should be lower because then people get to keep more of what they earn. B) My economics class should last for two terms because it is my favorite class. C) A 10 percent increase in income leads to a 4 percent increase in the consumption of beef. D) Given their negative impact on productivity, the government should eliminate labor unions.
Potential GDP refers to
A) the extent to which real GDP is above or below nominal GDP. B) the difference between the highest level of real GDP per quarter and the lowest level of real GDP per quarter within any given year. C) the level of GDP attained when all firms are producing at capacity. D) the level of GDP attained by the country with the highest growth in real GDP in a given year.
What is the price of investment? How are they related? What has to be done to increase investment?
What will be an ideal response?
If the imposition of a tariff on a commodity alters the relative international prices of the imposing country's exports to its imports, it is referred to as the
A. production effect of the tariff. B. terms-of-trade effect of the tariff. C. total price effect of the tariff. D. consumption effect of the tariff.