Bangladesh has had success with:
A. clustering the textile industry.
B. supporting export-led growth policy.
C. supporting import substitution policy.
D. clustering the fishing industry.
Answer: A
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When economists and policymakers refer to the Fed's dual mandate, they are referring to:
A) price and exchange rate stability. B) price stability and maximum employment. C) moderate long-term interest rates and maximum employment. D) price stability and moderate long-term interest rates.
Which of the following factors will make it easier for a labor union to increase the wages of its members?
a. a highly inelastic demand for the products produced by the union labor b. a readily available supply of similar products produced by nonunion labor c. low tariffs and strong competition from foreign firms producing the products supplied by the union labor d. a reduction in the demand for the products produced by the union labor
One role government can play in addressing market failure is to:
A. enforce the rules of exchange. B. increase economic uncertainty. C. promote imperfect competition. D. facilitate decision making for private goods.
Refer to the information provided in Figure 32.2 below to answer the question(s) that follow.
Figure 32.2Refer to Figure 32.2. According to the monetarists, ________ can be caused when AD1 shifts to the left.
A. inflation B. an increase in money demand C. a recession D. stagflation