Explain the concept, goals, and methods of integrated rural development
What will be an ideal response?
A solid answer will usually be based on the section, "Toward a Strategy of Agricultural and Rural Development," in the text.
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Which of the following is likely to be true of the nominal and the real exchange rates in the short run and in the long run, if prices in two countries do not respond to exchange rate changes?
A) The real exchange rate and the nominal exchange rate between the currencies move proportionally in both the short run and the long run. B) The real exchange rate and the nominal exchange rate between the currencies move proportionally in the short run but not in the long run. C) The real exchange rate and the nominal exchange rate between the currencies remain constant. D) The real exchange rate and the nominal exchange rate between the currencies move proportionally in the long run but not in the short run.
Refer to the scenario above. What is the change in total revenue due to the price change?
A) The total revenue increases by $350. B) The total revenue increases by $3,400. C) The total revenue decreases by $1,650. D) The total revenue decreases by $2,275.
The Economic Freedom Index includes which of the following measures of economic freedom within a nation?
A) Levels of economic regulation B) Freedom of pricing C) Stability of monetary policy D) Taxation levels E) All of the above.
Sovereign debt crisis, a short-run phenomenon, may lead to the long-run consequence of debt ________
A) intolerance B) distortion C) seignorage D) repudiation