According to Nobel Laureate, Amartya Sen, which of the following measures should not be included in a balanced scorecard for economic growth?
a. Wide-spread access to basic life-sustaining amenities.
b. Freedom to pick from a wide range of social and economic choices.
c. Better self-esteem through higher standards of living.
d. Currency appreciation due to balance of payments surpluses.
e. All the above are proper measures in the balanced scorecard approach to growth.
.D
You might also like to view...
If firms receive an economic forecast predicting future decreases in the growth of real GDP, they are likely to respond by
A) increasing their level of investment spending to increase future production capacity. B) increasing their level of investment spending to increase current production capacity. C) decreasing their level of investment spending to decrease current production capacity. D) decreasing their level of investment spending to decrease future production capacity.
Excess reserves are
A) desired reserves minus actual reserves. B) required reserves minus actual reserves. C) liquidity funds minus actual reserves. D) actual reserves minus desired reserves.
Four possibilities have probabilities 0.4, 0.2, 0.2 and 0.2 and values $20, $20, $40, and $40 respectively. The expected value is:
a. $22 b. $24 c. $26 d. $28
Figure 14.4 represents the market for used 12 megapixel digital cameras. Suppose buyers are willing to pay $400 for a plum (high-quality) used digital camera and $200 for a lemon (low-quality) used digital camera. If buyers believe that 50% of used digital cameras in the market are lemons (low quality), what percent of used digital cameras sold will actually be lemons?
A. 25% B. 50% C. 75% D. 100%