Good governance is:
A. not important to either economic growth or development.
B. important to economic growth, but not to economic development.
C. important to economic development, but not to economic growth.
D. important to both economic growth and development.
Answer: D
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The price of a ride on the Washington, D.C. metro depends on the time of day you ride. This is an example of
A. exploitation. B. inefficiency. C. political interference with a market. D. pricing to spread out demand.
If we tried to pay off the national debt within a few years we would definitely have a _____.
Fill in the blank(s) with the appropriate word(s).
A subgame perfect Nash equilibrium
A) can be solved by backward induction. B) is a set of strategies that are a Nash equilibrium in every subgame. C) is a stronger form of Nash equilibrium. D) All of the above are correct.
Currency devaluations hurt consumers because they make imports ________ expensive in the _____________ currency
a. Less; domestic b. Less; foreign c. More; domestic d. More; foreign