Compare the relative effectiveness of the balsakhi program to the Computer-Assisted Learning (CAL) program in India
What will be an ideal response?
Discussed in Box 8.6 . Both programs are effective in helping primary school students learn. The balsakhi program is relatively more cost effective than the CAL program, though both are fairly inexpensive ($5–$16 per child per year).
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In the short-run, a temporary increase in money supply
A) shifts the DD curve to the right, increases output and appreciates the currency. B) shifts the AA curve to the left, increases output and depreciates the currency. C) shifts the AA curve to the left, decreases output and depreciates the currency. D) shifts the AA curve to the left, increases output and appreciates the currency. E) shifts the AA curve to the right, increases output and depreciates the currency.
The "invisible hand" refers to
a. the marketplace guiding the self-interests of market participants into promoting general economic well-being. b. the fact that social planners sometimes have to intervene, even in perfectly competitive markets, to make those markets more efficient. c. the equality that results from market forces allocating the goods produced in the market. d. the automatic maximization of consumer surplus in free markets.
A tit-for-tat strategy starts out
a. conciliatory and then encourages an optimal social outcome among the other players. b. unfriendly and then encourages friendly strategies among players. c. friendly, then penalizes unfriendly players, and forgives them if warranted. d. aggressive, then compensates losing players, and eventually forgives unfriendly players.
A hollow corporation
A. makes goods abroad and ships them to the United States. B. makes goods in the United States and ships them abroad. C. imports foreign goods and puts its own name on them. D. makes goods in the United States and has them sold abroad under another company's name.