Which of the following may partially reduce the geographical disadvantages faced by poorer countries?
A) Limiting the use of natural resources so that they can be preserved for future uses
B) Transferring technology from richer to the poorer countries
C) Restricting the immigration of skilled workers from foreign countries to the poorer countries
D) Limiting the participation of poorer countries in international trade
B
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In the Harrod-Domar growth model, if 12.5% of income is saved, the incremental capital output ratio is 2.5 and the rate of depreciation is 4%, what is the implied rate of growth?
What will be an ideal response?
Which of the following distinguishes corporations from the other forms of business organization?
a. Corporations can issue stock. b. Corporations are permitted to operate in other countries. c. Corporations can produce more than one product. d. Corporations can offer both products and services. e. Corporations are subject to unlimited liability.
In the base year, the GDP deflator is always
a. -1. b. 0. c. 1. d. 100.
If the most someone is willing to pay for an airline ticket to Las Vegas is $300 and the market price of the ticket is $200, then this buyer will get consumer surplus of
A. $100. B. $200. C. $300. D. $500.