One reason unbalanced development strategies do not succeed is because they require a basic minimum ___________ that is not always in place
a. of markets
b. of skilled work force
c. big-push investments
d. infrastructure
e. entrepreneurial incentive
D
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If the demand for digital cameras increases when consumers' income rise, then digital cameras are
A) a normal good. B) an inferior good. C) a substitute good for video cameras. D) a complement to video cameras.
In the New Keynesian model,
A) money is neutral. B) money is fixed. C) monetary policy has a real impact. D) prices are countercyclical.
In general, the more of an individual's total budget that is spent on a given product, the
a. greater the supply-side response b. less elastic is the demand for that good c. more elastic is the demand for that good d. more the demand curve will shift when the price changes e. less the demand curve will shift when the price changes
Diversification
What will be an ideal response?